Rimini Street Inc reports results for the quarter ended June 30 - Earnings Summary
Rimini Street Inc reports results for the quarter ended June 30 - Earnings Summary
Rimini Street Inc RMNI.OQ reported quarterly adjusted earnings of 6 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -1 cents. The mean expectation of five analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 5 cents to 7 cents per share.
Revenue rose 6.7% to $111.08 million from a year ago; analysts expected $106.73 million.
Rimini Street Inc's reported EPS for the quarter was 3 cents.
The company reported quarterly net income of $2.4 million.
Rimini Street Inc shares had risen by 16.0% this quarter and gained 27.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 13.6% 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 4 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"
Wall Street's median 12-month price target for Rimini Street Inc is $6.50, about 24.5% above its last closing price of $4.91
This summary was machine generated from LSEG data July 31 at 04:40 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 |
Jun. 30 2026 | 0.06 | 0.06 | Met |
Mar. 31 2026 | 0.06 | 0.04 | Missed |
Dec. 31 2025 | 0.08 | 0.06 | Missed |
Sep. 30 2025 | 0.09 | 0.07 | Missed |
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