Ribbon Communications Inc expected to post earnings of 10 cents a share - Earnings Preview

Ribbon Communications

26/07/2021 22:14

* Ribbon Communications Inc  RBBN.OQ   RBBN.O  is expected
to show a rise in quarterly revenue when it reports results on
July 28. 
* The Plano, Texas-based company is expected to report   a
3.7% increase in revenue to $218.314 million from $210.49
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Ribbon Communications
Inc is for earnings of 10 cents per share. For the same quarter
last year, the company reported earnings of 6 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 2 "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 $13​, about 44% above​ its last closing
price of $7.28. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  0.02        0.02       0.03      Beat    80
 Dec. 31 2020  0.15        0.14       0.18      Beat    28.6
 Sep. 30 2020  0.07        0.07       0.16      Beat    146.2​
 Jun. 30 2020  0.05        0.05       0.06      Beat    20
 Mar.          ​           -0.01      0.01      Beat    166.7​
 31​ 2020​                                              
 Dec. 31 2019  0.29        0.29       0.27      Missed  -8.1​
 Sep. 30 2019  0.21        0.21       0.13      Missed  -37
 Jun. 30 2019  0.07        0.08       0.14      Beat    68
 This summary was machine generated July 26 at 21:14 GMT.  All
figures in US dollars unless otherwise stated