8x8 Inc expected to post earnings of 13  cents a share - Earnings Preview

8x8

05/08/2023 03:13

* 8x8 Inc  EGHT.OQ   EGHT.O  is expected to show a fall in
quarterly revenue when it reports  results on August 8. 
    * The Campbell California-based  company is expected to
report  a
0.3% decrease in revenue to $187.091 million from $187.62
million a year ago, according to the mean estimate from 12
analysts, based on Refinitiv data. The company's guidance on May
11 2023, for the period ended June 30, was for revenue between
$186.00 million and $188.00 million.
    * ​Refinitiv's mean analyst estimate for 8x8 Inc is for
earnings
of 13 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
$5.5​,
above​ its last closing price of $4.56. ​​​

The company's guidance on May 11 2023 for the period ended June
30 was for Earnings before Interest and Taxes between USD23.25
million and USD24.44 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.09        0.09       0.11      Beat    18.4
 Dec. 31 2023  0.03        0.03       0.07      Beat    165.6
 Sep. 30 2022  0.04        0.04       0.05      Beat    18.2​
 Jun. 30 2022  0.03        0.03       0.09      Beat    202.1
 ​​Mar.        0.00        0.00       0.05      Beat    1,065.
 31 2022                                                5
 Dec. 31 2021  0.02        0.02       0.02      Met     33.3​
 Sep. 30 2021  0.01        0.01       0.01      Met     42.9
 Jun. 30 2021  0.00        0.00       0.01      Beat    146.3
 This summary was machine generated August 5 at 02:13 GMT.  All
figures in US dollars  unless otherwise stated