Ribbon Communications Inc reports results for the quarter ended in December - Earnings Summary

Ribbon Communications

14/02/2024 23:40

* Ribbon Communications Inc  RBBN.OQ  reported quarterly
adjusted
earnings of 12 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 9 cents.  The mean expectation of
five analysts for the quarter was for earnings of 13 cents per
share. Wall Street expected results to range from 12 cents to 17
cents per share.
    * Revenue fell 3.1% to $226.40 million from a year ago;
analysts
expected $234.76 million. 
    * Ribbon Communications Inc's reported EPS for the quarter
was 4
cents​.
    * The company reported quarterly net income of $7.08
million.
    * Ribbon Communications Inc shares had risen by 5.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for Ribbon
Communications Inc is $6.00 
This summary was machine generated from LSEG data February 14 at
11:39 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.13           0.12           Missed
 Sep. 30 2023      0.08           0.05           Missed
 Jun. 30 2023      0.04           0.04           Met
 Mar. 31 2023      -0.04          -0.02          Beat