RingCentral Inc expected to post earnings of 59cents a share - Earnings Preview
14/02/2023 03:03
* RingCentral Inc RNG.N RNG is expected to show a rise
in
quarterly revenue when it reports results on February 15.
* The Belmont California California-based company is
expected to
report a 17.6% increase in revenue to $527.398 million from
$448.5 million a year ago, according to the mean estimate from
26 analysts, based on Refinitiv data. The company's guidance on
November 9 2022, for the period ended December 31, was for
revenue between $523.00 million and $529.00 million.
* Refinitiv's mean analyst estimate for RingCentral Inc is
for
earnings of 59 cents per share. The company's EPS guidance on
November 9 2022, for the period ended December 31, was between
$0.59 and $0.60
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 21 "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for RingCentral
Inc
is $50, above its last closing price of $43.36.
The company's guidance on November 9 2022 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD73.22 million and USD74.06 million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT IBES MET, SE %
E® ESTIMATE MISSED
Sep. 30 2022 0.51 0.51 0.55 Beat 8.9
Jun. 30 2022 0.41 0.40 0.45 Beat 11.3
Mar. 31 2022 0.34 0.34 0.39 Beat 14
Dec. 31 2021 0.37 0.37 0.39 Beat 5.4
Sep. 0.34 0.33 0.36 Beat 7.7
30 2021
Jun. 30 2021 0.28 0.28 0.32 Beat 14.7
Mar. 31 2021 0.25 0.25 0.27 Beat 9
Dec. 31 2020 0.27 0.27 0.29 Beat 8.2
This summary was machine generated February 14 at 03:03 GMT.
All figures in US dollars unless otherwise stated