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

Ribbon Communications

24/07/2023 23:04

* Ribbon Communications Inc  RBBN.OQ   RBBN.O  is expected
to show
a rise in quarterly revenue when it reports  results on July
26. 
    * The Plano Texas-based  company is expected to report  a
2.4% increase in revenue to $210.789 million from $205.8 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. The company's guidance on April 26
2023, for the period ended June 30, was for revenue between
205.00 million and 215.00 million.
    * ​Refinitiv's mean analyst estimate for Ribbon
Communications Inc
is for earnings of 4 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​, above​ its last closing price
of $3.44. ​​​

The company's guidance on April 26 2023 for the period ended
June 30 was for Earnings before Interest and Taxes between -13.7
million and -6.7 million.The company's guidance on April 26 2023
for the period ended June 30 was for Earnings before Interest,
Taxes, Depreciation and Amortization of between 205 million and
24 million.The company's guidance on April 26 2023 for the
period ended June 30 was for gross profit margin between 50.5%
and 51.5%.
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 2023  -0.05       -0.04      -0.02     Beat    44.4
 Dec. 31 2023  0.00        0.00       0.09      Beat    1,900
 Sep. 30 2022  0.06        0.06       0.02      Missed  -66​
 Jun. 30 2022  0.04        0.04       0.06      Beat    63.6
 ​​Mar.        -0.08       -0.08      -0.08     Met     -3.5
 31 2022                                                
 Dec. 31 2021  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
 This summary was machine generated July 24 at 22:04 GMT.  All
figures in US dollars  unless otherwise stated