Ribbon Communications Inc expected to post earnings of 5 cents a share - Earnings Preview

Ribbon Communications

22/07/2024 22:01

* Ribbon Communications Inc  RBBN.OQ   RBBN.O  is expected
to show
a fall in quarterly revenue when it reports  results on July 24
for the period ending June 30 2024
    * The Plano Texas-based  company is expected to report a
2.7% decrease in revenue to $204.966 million from $210.62
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on April 24
2024, for the period ended June 30, was for revenue between
$200.00 million and $210.00 million.
    * ​LSEG's mean analyst estimate for Ribbon Communications
Inc is
for earnings of 5 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 $3.70. ​​​

The company's guidance on April 24 2024 for the period ended
June 30 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD200 million and USD25 million.The
company's guidance on April 24 2024 for the period ended June 30
was for gross profit margin between USD53.5% and USD54.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.01       0.00       -0.01     Missed  -100
 Dec. 31 2024  0.14        0.13       0.12      Missed  -10.4
 Sep. 30 2023  0.08        0.08       0.05      Missed  -35.9​
 Jun. 30 2023  0.04        0.04       0.04      Met     5.3
 ​​Jan.        -0.05       -0.04      -0.02     Beat    44.4
 1 0001                                                 
 Dec. 31 2022  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
 This summary was machine generated July 22 at 21:01 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)