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

Rimini Street

31/07/2024 22:23

* Rimini Street Inc  RMNI.OQ  reported quarterly adjusted
earnings
of 7 cents​​ per share for the quarter ended in June, lower than
the same quarter last year, when the company reported EPS of 10
cents.  The mean expectation of four analysts for the quarter
was for earnings of 9 cents per share. Wall Street expected
results to range from 8 cents to 10 cents per share.
    * Revenue fell 3.1% to $103.12 million from a year ago;
analysts
expected $105.44 million. 
    * Rimini Street Inc's reported EPS for the quarter was a
loss of 1
cent​.
    * The company reported a quarterly loss of $1.15 million.
    * Rimini Street Inc shares had risen by 2.6% this
quarter and
lost 3.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.7%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "hold"

Wall Street's median 12-month price target for Rimini Street Inc
is $3.00 
This summary was machine generated from LSEG data July 31 at
09:22 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
 Jun. 30 2024      0.09           0.07           Missed
 Mar. 31 2024      0.10           0.08           Missed
 Dec. 31 2023      0.11           0.19           Beat
 Sep. 30 2023      0.10           0.13           Beat