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

Ribbon Communications

24/04/2024 15:10

* Ribbon Communications Inc  RBBN.OQ  reported a quarterly
adjusted loss of 1 cent​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of -2 cents.  The mean expectation of four analysts
for the quarter was for breakeven results per share. Wall Street
expected results to range from -1 cents to 1 cents per share.
    * Revenue fell 3.5% to $179.66 million from a year ago;
analysts
expected $185.03 million. 
    * Ribbon Communications Inc shares had fallen by 19.7% this
quarter and lost 11.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 162.5% 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 4 "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 April 24 at
02:10 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
 Mar. 31 2024      0.00           -0.01          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