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

8x8

02/11/2023 24:01

* 8x8 Inc  EGHT.OQ  reported quarterly adjusted earnings of
14
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 5 cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 9 cents per share. Wall Street
expected results to range from 6 cents to 10 cents per share.
    * Revenue fell 1.3% to $185.00 million from a year ago;
analysts
expected $183.67 million. 
    * 8x8 Inc's reported EPS for the quarter was a loss of 6
cents​.
    * The company reported a quarterly loss of $7.45 million.
    * 8x8 Inc shares had fallen by 5.6% this quarter and
lost 44.9% so
far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 27.5%
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," 8
"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 $4.00 
This summary was machine generated from LSEG data November 2 at
12:01 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.09           0.14           Beat
 Jun. 30 2023      0.13           0.13           Met
 Mar. 31 2023      0.09           0.11           Beat
 Dec. 31 2022      0.03           0.07           Beat