Ribbon Communications Inc expected to post earnings of 7  cents a share - Earnings Preview

Ribbon Communications

24/10/2023 03:03

* Ribbon Communications Inc  RBBN.OQ   RBBN.O  is expected
to show
a rise in quarterly revenue when it reports  results 
    * The Plano Texas-based  company is expected to report  a
6.0% increase in revenue to $219.636 million from $207.13
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. The company's guidance on
July 26 2023, for the period ended September 30, was for revenue
between 215.00 million and 225.00 million.
    * ​Refinitiv's mean analyst estimate for Ribbon
Communications Inc
is for earnings of 7 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 $1.97. ​​​

The company's guidance on July 26 2023 for the period ended
September 30 was for Earnings before Interest and Taxes between
-2.6 million and 3.4 million.The company's guidance on July 26
2023 for the period ended September 30 was for Earnings before
Interest, Taxes, Depreciation and Amortization of between 215
million and 32 million.The company's guidance on July 26 2023
for the period ended September 30 was for gross profit margin
between 51.5% and 52.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2023  0.04        0.04       0.04      Met     5.3
 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
 ​​Jun.        0.04        0.04       0.06      Beat    63.6
 30 2022                                                
 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
 This summary was machine generated October 24 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated