8x8 Inc expected to post earnings of 10 cents a share - Earnings Preview

8x8

30/01/2024 24:03

* 8x8 Inc  EGHT.OQ   EGHT.O  is expected to show a fall in
quarterly revenue when it reports  results on February 1 for the
period ending December 31 2023
    * The Campbell California-based  company is expected to
report a
0.5% decrease in revenue to $183.492 million from $184.4 million
a year ago, according to the mean estimate from 12 analysts,
based on LSEG data.The company's guidance on November 1 2023,
for the period ended December 31, was for revenue between
$180.00 million and $186.00 million.
    * ​LSEG's mean analyst estimate for 8x8 Inc is for earnings
of 10
cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for 8x8 Inc is
$3.75​, above​ its last closing price of $3.74. ​​​

The company's guidance on November 1 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD19.8 million and USD22.32 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.08        0.09       0.14      Beat    64
 Jun. 30 2023  0.13        0.13       0.13      Met     3.5
 Mar. 31 2023  0.09        0.09       0.11      Beat    18.4​
 Dec. 31 2022  0.03        0.03       0.07      Beat    165.6
 ​​Sep.        0.04        0.04       0.05      Beat    18.2
 30 2022                                                
 Jun. 30 2022  0.03        0.03       0.09      Beat    202.1​
 Mar. 31 2022  0.00        0.00       0.05      Beat    1,065.
                                                        5
 Dec. 31 2021  0.02        0.02       0.02      Met     33.3
 This summary was machine generated January 30 at 00:02 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)