Ribbon Communications Inc expected to post breakeven results a share - Earnings Preview

Ribbon Communications

22/04/2024 14:05

* Ribbon Communications Inc  RBBN.OQ   RBBN.O  is expected
to show
a fall in quarterly revenue when it reports  results on April 24
for the period ending March 31 2024
    * The Plano Texas-based  company is expected to report a
0.6% decrease in revenue to $185.029 million from $186.16
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on February
14 2024, for the period ended March 31, was for revenue between
180.00 million and 190.00 million.
    * ​LSEG's mean analyst estimate for Ribbon Communications
Inc is
for breakeven results per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"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 $6.00​, above​ its last closing price
of $2.57. ​​​

The company's guidance on February 14 2024 for the period ended
March 31 was for Earnings before Interest and Taxes of -16.7
million.The company's guidance on February 14 2024 for the
period ended March 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 180 million and 10
million.The company's guidance on February 14 2024 for the
period ended March 31 was for gross profit margin between 51%
and 52%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.14        0.13       0.12      Missed  -10.4
 Sep. 30 2023  0.08        0.08       0.05      Missed  -35.9
 Jun. 30 2023  0.04        0.04       0.04      Met     5.3​
 Mar. 31 2023  -0.05       -0.04      -0.02     Beat    44.4
 ​​Dec.        0.00        0.00       0.09      Beat    1,900
 31 2022                                                
 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
 This summary was machine generated April 22 at 13:05 GMT.  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)