Ribbon Communications Inc expected to post earnings of 12 cents a share - Earnings Preview

Ribbon Communications

26/10/2021 01:05

* Ribbon Communications Inc  RBBN.OQ   RBBN.O  is expected
to show a fall in quarterly revenue when it reports results on
October 27. 
* The Plano, Texas-based company is expected to report  a
4.6% decrease in revenue to $220.57 million from $231.12 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 12 cents per share. For the same quarter
last year, the company reported earnings of 16 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 $10​, about 41.6% above​ its last closing
price of $5.84. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 30 2021  0.10        0.10       0.17      Beat    64.5
 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.          0.05​       0.05       0.06      Beat    20​
 30​ 2020​                                              
 Mar. 31 2020              -0.01      0.01      Beat    166.7​
 Dec. 31 2019  0.29        0.29       0.27      Missed  -8.1
 Sep. 30 2019  0.21        0.21       0.13      Missed  -37
 This summary was machine generated October 26 at 00:05 GMT.  All
figures in US dollars unless otherwise stated