8x8 Inc expected to post earnings of 3cents a share - Earnings Preview

8x8

30/01/2023 22:10

* 8x8 Inc  EGHT.OQ   EGHT.O  is expected to show a rise in
quarterly revenue when it reports  results on February 1. 
    * The Campbell California-based  company is expected to
report  a
18.7% increase in revenue to $186.202 million from $156.87
million a year ago, according to the mean estimate from 13
analysts, based on Refinitiv data. The company's guidance on
October 27 2022, for the period ended December 31, was for
revenue between $185.00 million and $188.00 million.
    * ​Refinitiv's mean analyst estimate for 8x8 Inc is for
earnings
of 3 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 8
"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​,
above​ its last closing price of $4.92. ​​​

The company's guidance on October 27 2022 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD9.25 million and USD10.34 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  
 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. 31 2022  0.00        0.00       0.05      Beat    1,065.
                                                        5​
 Dec. 31 2021  0.02        0.02       0.02      Met     33.3
 ​​Sep.        0.01        0.01       0.01      Met     42.9
 30 2021                                                
 Jun. 30 2021  0.00        0.00       0.01      Beat    146.3​
 Mar. 31 2021  -0.01       -0.01      0.00      Beat    100
 Dec. 31 2020  -0.03       -0.03      -0.02     Beat    31.5
 This summary was machine generated January 30 at 22:10 GMT.  All
figures in US dollars  unless otherwise stated