Why Jim Cramer Says No One Cares About Salesforce Earnings

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Let's talk about Salesforce (CRM) - Get Report

The software giant reports its October quarter earnings on Tuesday after the close, and analysts polled by FactSet are expecting earnings of 66 cents per share on $4.45 billion in revenue. Salesforce shares are up about 18% this year.

One thing to keep in mind for this quarter is that Dreamforce was only a few weeks ago, meaning that investors already have an idea of what's coming down the pipeline this quarter. 

TheStreet's Annie Gaus wrote about the three things investors should watch when Salesforce reports earnings. One of the top ones was the fact that Salesforce raised its long-term outlook at Dreamforce, stating that it plans on doubling in size in the next four years. 

She also noted that investors should watch for anything related to Tableau, Salesforce's big-ticket acquisition. The company was acquired by Salesforce a couple of months ago for a whopping $15.7 billion.

So, why does Cramer think that Salesforce earnings are nothing to write home about?

"I think that they could say that there's going to be a five for one split, boosting the non-existent dividend and buyback 50% of the stock and it wouldn't matter," said Cramer. "I mean, we're in a downturn. What you want to do is you want to look back at the 2014 downturn and the 2016 downturn and get a sense of what can occur."

Watch the full video above for more.

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