Zacks Research Estimates Salesforce's Q3 Earnings (NYSE:CRM)

Key Points

• Zacks Research has raised its Q3 2026 earnings estimate for Salesforce to $2.17 per share, reflecting an increase from the previous estimate of $2.13.
• Salesforce reported Q2 earnings of $2.91 per share, surpassing analysts' expectations by $0.13 and showing a year-over-year revenue growth of 9.8%.
• The company's recent quarterly dividend will be paid on October 9th, with a distribution of $0.416 per share, yielding an annualized rate of 0.7%.

Salesforce Inc. (NYSE:CRM - Free Report) - Stock analysts at Zacks Research lifted their Q3 2026 earnings estimates for Salesforce in a research report issued on Tuesday, September 23rd. Zacks Research analyst Team now forecasts that the CRM provider will post earnings of $2.17 per share for the quarter, up from their prior estimate of $2.13. The consensus estimate for Salesforce's current full-year earnings is $7.46 per share. Zacks Research also issued estimates for Salesforce's Q4 2026 earnings at $2.21 EPS, FY2026 earnings at $8.57 EPS, Q1 2027 earnings at $2.20 EPS, Q2 2027 earnings at $2.33 EPS, Q3 2027 earnings at $2.36 EPS, FY2027 earnings at $9.51 EPS, Q1 2028 earnings at $2.59 EPS, Q2 2028 earnings at $2.73 EPS and FY2028 earnings at $11.13 EPS.

Salesforce (NYSE:CRM - Get Free Report) last issued its quarterly earnings data on Wednesday, September 3rd. The CRM provider reported $2.91 earnings per share for the quarter, beating analysts' consensus estimates of $2.78 by $0.13. The business had revenue of $10.24 billion for the quarter, compared to the consensus estimate of $10.14 billion. Salesforce had a return on equity of 13.27% and a net margin of 16.87%.The firm's revenue was up 9.8% compared to the same quarter last year. During the same period last year, the business earned $2.56 EPS. Salesforce has set its FY 2026 guidance at 11.330-11.370 EPS. Q3 2026 guidance at 2.840-2.860 EPS.

CRM has been the subject of several other research reports. Wells Fargo & Company lowered their price target on shares of Salesforce from $275.00 to $265.00 and set an "equal weight" rating for the company in a research report on Thursday, September 4th. Oppenheimer reduced their price objective on shares of Salesforce from $370.00 to $315.00 and set an "outperform" rating for the company in a research note on Tuesday, August 26th. BMO Capital Markets lowered their price target on Salesforce from $335.00 to $280.00 and set an "outperform" rating on the stock in a research report on Thursday, September 4th. The Goldman Sachs Group boosted their price target on Salesforce from $340.00 to $385.00 and gave the company a "buy" rating in a research note on Thursday, May 29th. Finally, Macquarie reaffirmed a "neutral" rating and issued a $290.00 price target on shares of Salesforce in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $332.58.

Salesforce Price Performance

Shares of CRM stock opened at $240.93 on Friday. The firm has a market cap of $229.37 billion, a price-to-earnings ratio of 35.02, a P/E/G ratio of 2.24 and a beta of 1.22. Salesforce has a one year low of $226.48 and a one year high of $369.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.12 and a quick ratio of 1.12. The stock's fifty day simple moving average is $249.70 and its 200 day simple moving average is $261.92.

Salesforce Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 9th. Investors of record on Wednesday, September 17th will be given a $0.416 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, September 17th. Salesforce's dividend payout ratio (DPR) is presently 24.13%.

Insiders Place Their Bets

In other news, CEO Marc Benioff sold 2,250 shares of Salesforce stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $245.85, for a total value of $553,162.50. Following the sale, the chief executive officer directly owned 11,911,571 shares in the company, valued at approximately $2,928,459,730.35. This trade represents a 0.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Blair Kirk purchased 3,400 shares of Salesforce stock in a transaction that occurred on Tuesday, September 9th. The stock was purchased at an average cost of $254.66 per share, for a total transaction of $865,844.00. Following the completion of the purchase, the director owned 3,824 shares of the company's stock, valued at $973,819.84. This trade represents a 801.89% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders sold 78,750 shares of company stock worth $19,955,745. Insiders own 3.00% of the company's stock.

Institutional Investors Weigh In On Salesforce

Several large investors have recently made changes to their positions in the company. Painted Porch Advisors LLC boosted its holdings in shares of Salesforce by 260.0% in the 2nd quarter. Painted Porch Advisors LLC now owns 90 shares of the CRM provider's stock valued at $25,000 after buying an additional 65 shares in the last quarter. Evolution Wealth Management Inc. purchased a new stake in Salesforce during the second quarter worth $27,000. Capital A Wealth Management LLC boosted its position in Salesforce by 450.0% during the first quarter. Capital A Wealth Management LLC now owns 110 shares of the CRM provider's stock worth $30,000 after purchasing an additional 90 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its position in shares of Salesforce by 314.8% in the first quarter. CBIZ Investment Advisory Services LLC now owns 112 shares of the CRM provider's stock valued at $30,000 after purchasing an additional 85 shares during the period. Finally, Abound Financial LLC purchased a new stake in shares of Salesforce during the first quarter worth approximately $31,000. 80.43% of the stock is owned by institutional investors.

Salesforce Company Profile

Salesforce, Inc provides Customer Relationship Management (CRM) technology that brings companies and customers together worldwide. The company's service includes sales to store data, monitor leads and progress, forecast opportunities, gain insights through analytics and artificial intelligence, and deliver quotes, contracts, and invoices; and service that enables companies to deliver trusted and highly personalized customer support at scale.

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