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

Ribbon Communications

24/10/2022 23:39

* Ribbon Communications Inc  RBBN.OQ   RBBN.O  is expected
to show
a rise in quarterly revenue when it reports  results on October
26. 
    * The Plano Texas-based  company is expected to report  a
3.8% increase in revenue to $218.318 million from $210.4 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on July 27 2022,
for the period ended September 30, was for revenue between
210.00 million and 225.00 million.
    * ​Refinitiv's mean analyst estimate for Ribbon
Communications Inc
is for earnings of 6 cents per share. The company's EPS guidance
on July 27 2022, for the period ended September 30, was between
0.05 and 0.08 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 3
"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 $5​, above​ its last closing price
of $2.71. ​​​

The company's guidance on July 27 2022 for the period ended
September 30 was for Earnings before Interest and Taxes between
-1.6 million and 6.4 million.The company's guidance on July 27
2022 for the period ended September 30 was for Earnings before
Interest, Taxes, Depreciation and Amortization of between 210
million and 34 million.The company's guidance on July 27 2022
for the period ended September 30 was for gross profit margin
between 55% and 56%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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​
 Sep. 30 2021  0.12        0.12       0.11      Missed  -5.7
 ​​Jun.        0.10        0.10       0.17      Beat    64.5
 30 2021                                                
 Mar. 31 2021  0.02        0.02       0.03      Beat    80​
 Dec. 31 2020  0.15        0.14       0.18      Beat    28.6
 Sep. 30 2020  0.07        0.07       0.16      Beat    146.2
 This summary was machine generated October 24 at 22:39 GMT.  All
figures in US dollars  unless otherwise stated