Salesforce.com (CRM) is set to report Q4 results after the close with a conference call to follow at 5pm ET.

Current Capital IQ consensus stands at EPS of $0.55 on Revenues of $3.56 bln.

CRM is expected to guide for Q1. Current Capital IQ consensus for Q1 is EPS of $0.63 and Revenues of $3.699 bln.

Revenue growth has been steady on a year over year basis as CRM has reported in that +23-28% range since the third quarter of 2014.
In Q3, CRM beat top and bottom line expectations for the 11th quarter in a row. It also raised its FY19 guidance and issued upside guidance for 2020.

Guidance

Q4

Sees EPS of $0.54-0.55;
Sees Q4 revs of $3.551-3.561 bln;
Q4 Billings Growth is projected to be 15% compared to 27% in Q3.

Raised FY19 non-GAAP EPS to $2.60-2.61 from $2.50-2.52; rev to $13.23-13.24 bln from $13.125-13.175 bln;
Co issued upside guidance for FY20, seeing FY20 revs +20-21% to $15.9-16.0 bln.

TECHS:

EV/Forward revenues trading at 10x; Price to FCF 49x; Forward P/E 59x.

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In the Cloud (CRM Earnings)