8x8 Inc expected to post earnings of 6 cents a share - Earnings Preview

8x8

07/05/2024 01:18

* 8x8 Inc  EGHT.OQ   EGHT.O  is expected to show a fall in
quarterly revenue when it reports  results on May 8 for the
period ending March 31 2024
    * The Campbell California-based  company is expected to
report a
3.1% decrease in revenue to $178.832 million from $184.53
million a year ago, according to the mean estimate from 12
analysts, based on LSEG data.The company's guidance on January
31 2024, for the period ended March 31, was for revenue between
$176.00 million and $181.00 million.
    * ​LSEG's mean analyst estimate for 8x8 Inc is for earnings
of 6
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
$3.50​, above​ its last closing price of $2.31. ​​​

The company's guidance on January 31 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD17.6 million and USD18.1 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  
 Dec. 31 2023  0.10        0.10       0.12      Beat    17.3
 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.        0.03        0.03       0.07      Beat    165.6
 31 2022                                                
 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                   0.05              1,065.
                                                        5
 This summary was machine generated May 7 at 00:18 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)