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

8x8

30/10/2023 20:52

* 8x8 Inc  EGHT.OQ   EGHT.O  is expected to show a fall in
quarterly revenue when it reports  results 
    * The Campbell California-based  company is expected to
report  a
2.0% decrease in revenue to $183.668 million from $187.39
million a year ago, according to the mean estimate from 12
analysts, based on Refinitiv data. The company's guidance on
August 8 2023, for the period ended September 30, was for
revenue between $180.00 million and $186.00 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 4 "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
$4​,
above​ its last closing price of $2.32. ​​​

The company's guidance on August 8 2023 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD18.9 million and USD21.39 million.The company's guidance on
August 8 2023 for the period ended September 30 was for gross
profit margin between USD72% and USD73%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  0.04        0.04       0.05      Beat    18.2
 ​​Jun.        0.03        0.03       0.09      Beat    202.1
 30 2022                                                
 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. 30 2021  0.01        0.01       0.01      Met     42.9
 This summary was machine generated October 30 at 20:52 GMT.  All
figures in US dollars  unless otherwise stated