8x8 Inc reports results for the quarter ended in September 30 - Earnings Summary

8x8

05/11/2024 07:50

* 8x8 Inc  EGHT.OQ  reported quarterly adjusted earnings of
9
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 14
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of 8 cents per share. Wall Street expected
results to range from 5 cents to 9 cents per share.
    * Revenue fell 2.2% to $181.00 million from a year ago;
analysts
expected $178.30 million. 
    * 8x8 Inc's reported EPS for the quarter was a loss of 11
cents​.
    * The company reported a quarterly loss of $14.54 million.
    * 8x8 Inc shares had risen by 13.7% this quarter and
lost 38.6% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 5
"hold" and 2 "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 November 5 at
07:50 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
 Sep. 30 2024      0.08           0.09           Beat
 Jun. 30 2024      0.09           0.08           Missed
 Mar. 31 2024      0.06           0.08           Beat
 Dec. 31 2023      0.10           0.12           Beat