Rimini Street Inc expected to post earnings of 11 cents a share - Earnings Preview

Rimini Street

02/11/2021 02:01

* Rimini Street Inc  RMNI.OQ   RMNI.O  is expected to show a
rise in quarterly revenue when it reports  results on November
3. 
* The Las Vegas, Nevada-based company is expected to report  a
15.0% increase in revenue to $94.889 million from $82.52 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Rimini Street Inc is
for earnings of 11 cents per share. For the same quarter last
year, the company reported earnings of 13 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 3 "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 Rimini Street
Inc is $11.75​, about 7.4% above​ its last closing price
of $10.88. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Jun. 302021   0.09        0.07       -0.10     Missed  -242.9
 Mar. 312021   -0.04       -0.04      -0.07     Missed  -75
 Dec. 312020   -0.08       -0.08      -0.03     Beat    64​
 Sep. 302020   0.08        0.08       0.13      Beat    73.3
 ​​Jun.        0.09        0.09       0.12      Beat    33.3
 302020                                                 
 Mar. 312020   0.05        0.05       0.11      Beat    120​
 Dec. 312019               0.08       0.05      Missed  -37.5
 Sep. 302019               0.05       0.10      Beat    100
 This summary was machine generated November 2 at 02:01 GMT.  All
figures in US dollars unless otherwise stated