Stone-Cold Earnings Trade Lock of the Week
Salesforce.com (NYSE: CRM)
The cloud computing company reports earnings results for the period ending April 30, 2012 on Thursday after the market closes. Wall Street expects a profit of 34 cents per share in the quarter; 90 days ago the estimate was for the company to make 36 cents per share.
Salesforce.com (CRM) has matched or beaten slightly estimates over the last four quarters. Shares of Salesforce.com have inched higher by less than 5% over the last year.
Analysts expect profit growth of 19% in the current fiscal year ending Jan. 31, 2012. At current prices, shares trade for 101 times current fiscal year estimated earnings.