Ribbon Communications Inc expected to post earnings of 13 cents a share - Earnings Preview

Ribbon Communications

12/02/2024 23:32

* Ribbon Communications Inc  RBBN.OQ   RBBN.O  is expected
to show
a rise in quarterly revenue when it reports  results on February
14 for the period ending December 31 2023
    * The Plano Texas-based  company is expected to report a
0.5% increase in revenue to $234.758 million from $233.64
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on October
25 2023, for the period ended December 31, was for revenue
between $230.00 million and $240.00 million.
    * ​LSEG's mean analyst estimate for Ribbon Communications
Inc is
for earnings of 13 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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 $3.13. ​​​

The company's guidance on October 25 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD230 million and
USD46 million.The company's guidance on October 25 2023 for the
period ended December 31 was for gross profit margin between
USD54.5% and USD55.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.00        0.00       0.09      Beat    1,900
 ​​Sep.        0.06        0.06       0.02      Missed  -66
 30 2022                                                
 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. 31 2021  0.12        0.13       0.01      Missed  -92.3
 This summary was machine generated February 12 at 23:32 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)