8x8 Inc reports results for the quarter ended December 31 - Earnings Summary

8x8

05/02/2025 01:01

* 8x8 Inc  EGHT.OQ  reported quarterly adjusted earnings of
11
cents​​ per share for the quarter ended December 31, lower than
the same quarter last year, when the company reported EPS of 12
cents.  The mean expectation of ten analysts for the quarter was
for earnings of 9 cents per share. Wall Street expected
results to range from 8 cents to 10 cents per share.
    * Revenue fell 1.2% to $178.88 million from a year ago;
analysts
expected $179.26 million. 
    * 8x8 Inc's reported EPS for the quarter was 2 cents​.
    * The company reported quarterly net income of $3.02
million.
    * 8x8 Inc shares had risen by 1.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the integrated
telecommunications services peer group is also "hold"

Wall Street's median 12-month price target for 8x8 Inc is $3.00 
This summary was machine generated from LSEG data February 5 at
01:00 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.09           0.11           Beat
 Sep. 30 2024      0.08           0.09           Beat
 Jun. 30 2024      0.09           0.08           Missed
 Mar. 31 2024      0.06           0.08           Beat