Rimini Street Inc reports results for the quarter ended in December - Earnings Summary

Rimini Street

28/02/2024 22:02

* Rimini Street Inc  RMNI.OQ  reported quarterly adjusted
earnings
of 19 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 17 cents.  The mean expectation of four analysts
for the quarter was for earnings of 11 cents per share. Wall
Street expected results to range from 11 cents to 12 cents per
share.
    * Revenue rose 3.2% to $112.11 million from a year ago;
analysts
expected $110.13 million. 
    * Rimini Street Inc's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $9.35
million.
    * Rimini Street Inc shares had fallen by 6.1% 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 2 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Rimini
Street Inc
is $4.13 

This summary was machine generated from LSEG data February 28 at
10:02 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      0.11           0.19           Beat
 Sep. 30 2023      0.10           0.13           Beat
 Jun. 30 2023      0.11           0.10           Missed
 Mar. 31 2023      0.08           0.12           Beat