RingCentral Inc expected to post earnings of 69 cents a share - Earnings Preview
06/05/2023 01:11
* RingCentral Inc RNG.N RNG is expected to show a rise
in
quarterly revenue when it reports results on May 9.
* The Belmont California California-based company is
expected to
report a 12.9% increase in revenue to $527.943 million from
$467.66 million a year ago, according to the mean estimate from
26 analysts, based on Refinitiv data. The company's guidance on
February 15 2023, for the period ended March 31, was for revenue
between $526.00 million and $530.00 million.
* Refinitiv's mean analyst estimate for RingCentral Inc is
for
earnings of 69 cents per share. The company's EPS guidance on
February 15 2023, for the period ended March 31, was between
$0.69 and $0.70
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 20 "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell."
* The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.
* Wall Street's median 12-month price target for RingCentral
Inc
is $45.1, above its last closing price of $26.04.
The company's guidance on February 15 2023 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD86.8 million and USD87.5 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
Dec. 31 2022 0.59 0.59 0.60 Beat 1.5
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. 0.37 0.37 0.39 Beat 5.4
31 2021
Sep. 30 2021 0.34 0.33 0.36 Beat 7.7
Jun. 30 2021 0.28 0.28 0.32 Beat 14.7
Mar. 31 2021 0.25 0.25 0.27 Beat 9
This summary was machine generated May 6 at 00:11 GMT. All
figures in US dollars unless otherwise stated