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

8x8

06/08/2024 03:58

* 8x8 Inc  EGHT.OQ   EGHT.O  is expected to show a fall in
quarterly revenue when it reports  results on August 7 for the
period ending June 30 2024
    * The Campbell California-based  company is expected to
report a
2.4% decrease in revenue to $178.875 million from $183.29
million a year ago, according to the mean estimate from 11
analysts, based on LSEG data.The company's guidance on May 8
2024, for the period ended June 30, was for revenue between
$176.00 million and $181.00 million.
    * ​LSEG'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," 6
"hold" and 2 "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
$3.00​, above​ its last closing price of $2.60. ​​​

The company's guidance on May 8 2024 for the period ended June
30 was for Earnings before Interest and Taxes between USD19.36
million and USD21.72 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  
 Mar. 31 2024  0.06        0.06       0.08      Beat    23.8
 Dec. 31 2024  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
 ​​Jan.        0.09        0.09       0.11      Beat    18.4
 1 0001                                                 
 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
 This summary was machine generated August 6 at 02:58 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)