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

Rimini Street

02/08/2023 22:03

* Rimini Street Inc  RMNI.OQ  reported quarterly adjusted
earnings
of 10 cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
11 cents per share.
    * Revenue rose 5.2% to $106.42 million from a year ago;
analysts
expected $105.41 million. 
    * Rimini Street Inc's reported EPS for the quarter was 5
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Rimini Street Inc shares had fallen by 41.5% this
quarter and
lost 26.5% so far this year.
    * The company reported quarterly net income of $4.27
million.
    * Wall Street's median 12-month price target for Rimini
Street Inc
is $4.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 2 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.11           0.10           Missed
 Mar. 31 2023      0.08           0.12           Beat
 Dec. 31 2022      0.09           0.17           Beat
 Sep. 30 2022      0.12           0.09           Missed