Salesforce, Inc. ( CRM ) shares are trading lower Friday after Workday, Inc. ( WDAY ) reported its first-quarter results and lowered its forward-looking guidance. 

What Happened With Workday: 

Workday reported quarterly sales of $1.99 billion which beat the analyst consensus estimate of $1.973 billion and earnings of $1.74 per share. However, the company lowered its forward guidance and now sees second-quarter subscription revenue of $1.895 billion and fiscal-year subscription revenue of between $7.7 billion and $7.725 billion.

Salesforce Earnings Preview: 

Salesforce ( CRM ) is set to report its first-quarter results on May 29 after the bell and will host a conference call to discuss the results at 5:00 p.m. ET the same day. According to estimates from Benzinga Pro, analysts expect the company to report earnings of $2.38 per share and quarterly sales of $9.147 billion. 

RBC Capital analyst Rishi Jaluria reiterated Salesforce ( CRM ) with an Outperform rating and maintained a $350 price target on Friday. 

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Is CRM A Good Stock To Buy?

An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages – like Salesforce ( CRM )‘s page for example – there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.

These are known as capital allocation programs. Salesforce ( CRM ) does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's dividend calendar for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.

For example, if you're looking to earn an annualized return of 11.76%, you'll need to buy a share of Cato by June 10, 2024. Once done, you can expect to receive a nominal payout of $0.17 on June 24, 2024.

Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on Salesforce ( CRM ) will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.

CRM Price Action: According to Benzinga Pro, Salesforce ( CRM ) shares are down 1.98% at $273.06 at the time of publication Friday.

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