8x8 Inc expected to post earnings of 9  cents a share - Earnings Preview

8x8

10/05/2023 03:02

* 8x8 Inc  EGHT.OQ   EGHT.O  is expected to show a rise in
quarterly revenue when it reports  results on May 11. 
    * The Campbell California-based  company is expected to
report  a
2.3% increase in revenue to $185.513 million from $181.37
million a year ago, according to the mean estimate from 10
analysts, based on Refinitiv data. The company's guidance on
February 1 2023, for the period ended March 31, was for revenue
between $184.00 million and $187.00 million.
    * ​Refinitiv's mean analyst estimate for 8x8 Inc is for
earnings
of 9 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
$5.7​,
above​ its last closing price of $3.00. ​​​

The company's guidance on February 1 2023 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD18.4 million and USD18.7 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  
 Dec. 31 2022  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. 31 2022  0.00        0.00       0.05      Beat    1,065.
                                                        5
 ​​Dec.        0.02        0.02       0.02      Met     33.3
 31 2021                                                
 Sep. 30 2021  0.01        0.01       0.01      Met     42.9​
 Jun. 30 2021  0.00        0.00       0.01      Beat    146.3
 Mar. 31 2021  -0.01       -0.01      0.00      Beat    100
 This summary was machine generated May 10 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated