Oracle earnings: Will history repeat itself?

Seeing into Oracle's future
Seeing into Oracle's future   

Oracle is set to report earnings after the bell Wednesday for its fiscal fourth quarter, which is usually its strongest. What can we expect from the period's results?

According to data from Kensho, in the past 10 years the tech giant has beat earnings expectations 26 times. And positive results typically lead to positive returns. After beating the Street, the stock posted an average positive return of 3.73 percent about 85 percent of the time.

Over the same period, Oracle missed earnings only seven times. The stock traded down an average of 3.09 percent more than 70 percent of the time after missing the Street's earnings estimates.

Analysts are expecting Oracle to report earnings of 87 cents per share on revenue of $10.95 billion, according to FactSet, which is down from a year earlier as the company faces strong dollar headwinds.

Shares of Oracle are up about 5 percent over the past year, however, they were down modestly midday Wednesday.

Disclosure: NBCUniversal, parent of CNBC, is a minority investor in Kensho.