Rimini Street Inc expected to post earnings of 7  cents a share - Earnings Preview

Rimini Street

28/02/2022 22:50

* Rimini Street Inc  RMNI.OQ   RMNI.O  is expected to show a
rise
in quarterly revenue when it reports  results on March 2. 
    * The Las Vegas Nevada-based  company is expected to report 
a
9.7% increase in revenue to $96.314 million from $87.83 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 7 cents per share. For the same quarter last year,
the company reported a loss of 3 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"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 $9.25​, about 49.4% above​ its last closing price
of $4.68. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Sep. 30 2021  0.11        0.11       -0.08     Missed  -172.7
 Jun. 30 2021  0.09        0.07       -0.10     Missed  -242.9
 Mar. 31 2021  -0.04       -0.04      -0.07     Missed  -75​
 Dec. 31 2020  -0.08       -0.08      -0.03     Beat    64
 ​​Sep.        0.08        0.08       0.13      Beat    73.3
 30 2020                                                
 Jun. 30 2020  0.09        0.09       0.12      Beat    33.3​
 Mar. 31 2020  0.05        0.05       0.11      Beat    120
 Dec. 31 2019              0.08       0.05      Missed  -37.5
 This summary was machine generated February 28 at 22:50 GMT. 
All figures in US dollars  unless otherwise stated