Rimini Street Inc reports results for the quarter ended in September 30 - Earnings Summary

Rimini Street

31/10/2024 02:31

* Rimini Street Inc  RMNI.OQ  reported quarterly adjusted
earnings
of 22 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 13 cents.  The mean expectation of four analysts
for the quarter was for earnings of 6 cents per share. Wall
Street expected results to range from 4 cents to 8 cents per
share.
    * Revenue fell 2.6% to $104.67 million from a year ago;
analysts
expected $101.12 million. 
    * Rimini Street Inc's reported EPS for the quarter was a
loss
of 47 cents​.
    * The company reported a quarterly loss of $43.1 million.
    * Rimini Street Inc shares had fallen by 8.6% this
quarter and
lost 48.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 19%
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 October 31 at
02:31 a.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
 Sep. 30 2024      0.06           0.22           Beat
 Jun. 30 2024      0.09           0.07           Missed
 Mar. 31 2024      0.10           0.08           Missed
 Dec. 31 2023      0.11           0.19           Beat