Rimini Street Inc expected to post earnings of 8 cents a share - Earnings Preview

Rimini Street

03/08/2021 24:02

* Rimini Street Inc  RMNI.OQ   RMNI.O  is expected to show a
rise in quarterly revenue when it reports results on August 4. 
* The Las Vegas, Nevada-based company is expected to report   a
14.6% increase in revenue to $89.88 million from $78.4 million a
year ago, according to the mean estimate from 5 analysts, based
on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Rimini Street Inc is
for earnings of 8 cents per share. For the same quarter last
year, the company reported earnings of 12 cents per share.
* 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 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 $13​, about 34.1% above​ its last closing price
of $8.57. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  -0.04       -0.04      -0.07     Missed  -75
 Dec. 31 2020  -0.08       -0.08      -0.03     Beat    64
 Sep. 30 2020  0.08        0.08       0.13      Beat    73.3​
 Jun. 30 2020  0.09        0.09       0.12      Beat    33.3
 Mar.          0.05​       0.05       0.11      Beat    120​
 31​ 2020​                                              
 Dec. 31 2019              0.08       0.05      Missed  -37.5​
 Sep. 30 2019              0.05       0.10      Beat    100
 Jun. 30 2019  0.06        0.06       0.08      Beat    33.3
 This summary was machine generated August 2 at 23:02 GMT.  All
figures in US dollars unless otherwise stated