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

8x8

03/02/2025 24:02

* 8x8 Inc  EGHT.OQ   EGHT.O  is expected to show a fall in
quarterly revenue when it reports  results on February 5 for the
period ending December 31 2024
    * The Campbell California-based  company is expected to
report a
1.0% decrease in revenue to $179.261 million from $181.01
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.The company's guidance on November
4 2024, for the period ended December 31, was for revenue
between $177.00 million and $182.00 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," 3
"hold" and 3 "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 $2.80. ​​​

The company's guidance on November 4 2024 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD17.7 million and USD20.02 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  
 Sep. 30 2024  0.08        0.08       0.09      Beat    14.8
 Jun. 30 2024  0.09        0.09       0.08      Missed  -10.6
 Mar. 31 2024  0.06        0.06       0.08      Beat    23.8​
 Dec. 31 2023  0.10        0.10       0.12      Beat    17.3
 ​​Sep.        0.08        0.09       0.14      Beat    64
 30 2023                                                
 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
 This summary was machine generated February 3 at 00:02 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)