Ribbon Communications Inc expected to post a loss of 4 cents a share - Earnings Preview

Ribbon Communications

25/04/2023 03:03

* Ribbon Communications Inc  RBBN.OQ   RBBN.O  is expected
to show
a rise in quarterly revenue when it reports  results on April
26. 
    * The Plano Texas-based  company is expected to report  a
7.8% increase in revenue to $186.719 million from $173.2 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. The company's guidance on February 15
2023, for the period ended March 31, was for revenue between
180.00 million and 190.00 million.
    * ​Refinitiv's mean analyst estimate for Ribbon
Communications Inc
is for a loss of 4 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "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 Ribbon
Communications Inc is $6​, above​ its last closing price
of $2.46. ​​​

The company's guidance on February 15 2023 for the period ended
March 31 was for Earnings before Interest and Taxes between
-36.4 million and -29.4 million.The company's guidance on
February 15 2023 for the period ended March 31 was for Earnings
before Interest, Taxes, Depreciation and Amortization of between
180 million and 1 million ().The company's guidance on February
15 2023 for the period ended March 31 was for gross profit
margin between 47% and 48%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  0.00        0.00       0.09      Beat    1,900
 Sep. 30 2022  0.06        0.06       0.02      Missed  -66
 Jun. 30 2022  0.04        0.04       0.06      Beat    63.6​
 Mar. 31 2022  -0.08       -0.08      -0.08     Met     -3.5
 ​​Dec.        0.12        0.13       0.01      Missed  -92.3
 31 2021                                                
 Sep. 30 2021  0.12        0.12       0.11      Missed  -5.7​
 Jun. 30 2021  0.10        0.10       0.17      Beat    64.5
 Mar. 31 2021  0.02        0.02       0.03      Beat    80
 This summary was machine generated April 25 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated