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

Rimini Street

01/11/2023 21:02

* Rimini Street Inc  RMNI.OQ  reported quarterly adjusted
earnings
of 13 cents​​ per share for the quarter ended in September,
higher than the same quarter last year, when the company
reported EPS of 9 cents.  The mean expectation of four analysts
for the quarter was for earnings of 10 cents per share. Wall
Street expected results to range from 8 cents to 11 cents per
share.
    * Revenue rose 5.4% to $107.45 million from a year ago;
analysts
expected $106.53 million. 
    * Rimini Street Inc's reported EPS for the quarter was 8
cents​.
    * The company reported quarterly net income of $6.8 million.
    * Rimini Street Inc shares had fallen by 1.4% this
quarter and
lost 43.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.4%
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." 
    * The average consensus recommendation for the it services &
consulting peer group is  "hold."

Wall Street's median 12-month price target for Rimini Street Inc
is $3.75 
This summary was machine generated from LSEG data November 1 at
09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.10           0.13           Beat
 Jun. 30 2023      0.11           0.10           Missed
 Mar. 31 2023      0.08           0.12           Beat
 Dec. 31 2022      0.09           0.17           Beat