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

8x8

01/02/2024 01:01

* 8x8 Inc  EGHT.OQ  reported quarterly adjusted earnings of
12
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 7
cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 10 cents per share. Wall Street
expected results to range from 7 cents to 14 cents per share.
    * Revenue fell 1.8% to $181.01 million from a year ago;
analysts
expected $183.49 million. 
    * 8x8 Inc's reported EPS for the quarter was a loss of 17
cents​.
    * The company reported a quarterly loss of $21.22 million.
    * 8x8 Inc shares had fallen by 5.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * 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 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 $3.75 
This summary was machine generated from LSEG data February 1 at
01:01 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 2023      0.10           0.12           Beat
 Sep. 30 2023      0.09           0.14           Beat
 Jun. 30 2023      0.13           0.13           Met
 Mar. 31 2023      0.09           0.11           Beat