- Q4 Non-GAAP EPS $0.84, beat by $0.09.
- Revenue $7.32B, up 25.8% YoY, beat by $80M..
- FY23 Revenue Guidance: $32.0 Billion to $32.1 Billion vs. $31.80B consensus.
- Q1’23 Revenue Guidance: $7.37 Billion to $7.38 Billion, up 24% YoY vs. $7.27B consensus.
- Raises FY23 GAAP Operating Margin Guidance to Approximately 3.6% and
- Non-GAAP Operating Margin Guidance of Approximately 20%
What a stellar record of revenue and EPS and beats for the last 17 quarters.
Over the last 8 years
$CRM has beat the
$SPY 16.7% vs 13.2%
And moving forward if shares trade at normalized sales of 8x based on revenue estimates in 2024 (which the company has traditional beaten), shares will trade at ~$304 which is an average annual return of ~21%. Obviously these are just possible outcomes based off of historical multiples and earnings estimates. They will be wrong, but as an investor, I like the risk reward of owning this proven winner here.
I have my portfolio linked and all transactions shared
here.
Curious if anyone is long, bullish, bearish, etc on
$CRM and why?