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Salesforce.com Inc. (CRM - Analyst Report) is set to report third-quarter fiscal 2014 results on Nov 18. Last quarter, it posted a negative surprise of 125.0%. Let us see how things are shaping up for this announcement.

Factors This Past Quarter

Salesforce.com reported modest second-quarter 2014 results. Loss per share was wider than the Zacks Consensus Estimate, while revenues surpassed the consensus mark. During the reported quarter, the company witnessed continued demand across all of its cloud solutions supported by a decline in the attrition rate.

Although operating results were impacted by higher costs, the company has provided positive third-quarter guidance and raised its fiscal 2014 revenue guidance.

Earnings Whispers?

Our proven model does not conclusively show that Salesforce.com is likely to beat earnings this quarter. A stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 to surpass earnings estimates. However, that is not the case here due to the following factors:

Zacks ESP: ESP for Salesforce.com is 0.00% since the Most Accurate estimate stands at loss of 4 cents per share, which is in line with the Zacks Consensus Estimate.

Zacks Rank: Salesforce.com’s Zacks Rank #3 (Hold) when combined with a 0.00% ESP makes surprise prediction difficult.

We caution against stocks with Zacks Ranks #4 and 5 (Sell-rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.

Other Stocks to Consider

Here are some other companies you may want to consider as our model shows that they have the right combination of elements to post an earnings beat this quarter:

Best Buy Co., Inc. (BBY - Analyst Report), with Earnings ESP of +9.09% and a Zacks Rank #2 (Buy).

TiVo Inc. (TIVO - Analyst Report), with Earnings ESP of +16.67% and a Zacks Rank #2 (Buy).

Trina Solar Limited (TSL - Snapshot Report), with Earnings ESP of +77.78% and a Zacks Rank #2 (Buy).

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