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Salesforce Inc. (NYSE:CRM – Free Report) – Equities researchers at Northland Securities reduced their Q3 2027 EPS estimates for shares of Salesforce in a research report issued on Thursday, August 27th. Northland Securities analyst N. Chokshi now expects that the CRM provider will post earnings of $2.40 per share for the quarter, down from their previous forecast of $2.88. The consensus estimate for Salesforce’s current full-year earnings is $12.77 per share. Northland Securities also issued estimates for Salesforce’s Q4 2027 earnings at $2.28 EPS, FY2027 earnings at $12.75 EPS and FY2028 earnings at $12.38 EPS.
Salesforce (NYSE:CRM – Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The CRM provider reported $5.90 EPS for the quarter, topping the consensus estimate of $3.27 by $2.63. The business had revenue of $11.35 <a href="https://bitcomme.com/gta-6-is-expected-to-cost-the-us-economy-1-billion-in-lost-productivity/” title=”GTA 6 is expected to cost the US economy $1 billion in lost productivity”>billion for the quarter, compared to the consensus estimate of $11.33 billion. Salesforce had a return on equity of 24.90% and a net margin of 21.99%.The firm’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.91 EPS. Salesforce has set its FY 2027 guidance at 16.670-16.710 EPS and its Q3 2027 guidance at 3.420-3.440 EPS.
CRM has been the topic of several other research reports. UBS Group lifted their price objective on Salesforce from $210.00 to $240.00 and gave the company a “neutral” rating in a report on Thursday, August 27th. Mizuho increased their target price on Salesforce from $250.00 to $265.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. TD Cowen raised their target price on shares of Salesforce from $240.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings raised shares of Salesforce from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 12th. Finally, BMO Capital Markets upped their price target on shares of Salesforce from $230.00 to $260.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $262.12.
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