Ribbon Communications Inc expected to post earnings of 6 cents a share - Earnings Preview

Ribbon Communications

21/10/2024 23:09

* Ribbon Communications Inc  RBBN.OQ   RBBN.O  is expected
to show
a rise in quarterly revenue when it reports  results on October
23 for the period ending September 30 2024
    * The Plano Texas-based  company is expected to report a
4.4% increase in revenue to $212.135 million from $203.16
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on July 24
2024, for the period ended September 30, was for revenue between
205.00 million and 220.00 million.
    * ​LSEG's mean analyst estimate for Ribbon Communications
Inc is
for earnings of 6 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 $3.41. ​​​

The company's guidance on July 24 2024 for the period ended
September 30 was for Earnings before Interest and Taxes of 3
million.The company's guidance on July 24 2024 for the period
ended September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 205 million and 30
million.The company's guidance on July 24 2024 for the period
ended September 30 was for gross profit margin between 53% and
53.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.04        0.05       0.05      Met     4.2
 Mar. 31 2024  -0.01       0.00       -0.01     Missed  -100
 Jan. 1 0001   0.14        0.13       0.12      Missed  -10.4​
 Sep. 30 2023  0.08        0.08       0.05      Missed  -35.9
 ​​Jun.        0.04        0.04       0.04      Met     5.3
 30 2023                                                
 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. 30 2022  0.06        0.06       0.02      Missed  -66
 This summary was machine generated October 21 at 22:09 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)