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

Ribbon Communications

26/07/2022 03:02

* Ribbon Communications Inc  RBBN.OQ   RBBN.O  is expected
to show
a fall in quarterly revenue when it reports  results on July
27. 
    * The Plano Texas-based  company is expected to report  a
2.6% decrease in revenue to $205.735 million from $211.21
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 4 cents per share. For the same quarter last
year, the company reported earnings of 17 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "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 $6.5​, above​ its last closing price
of $3.58. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2022  -0.08       -0.08      -0.08     Met     -3.5
 Dec. 31 2022  0.12        0.13       0.01      Missed  -92.3
 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.        0.02        0.02       0.03      Beat    80
 31 2021                                                
 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
 This summary was machine generated July 26 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated