RingCentral Inc expected to post earnings of 75 cents a share - Earnings Preview
05/08/2023 03:02
* RingCentral Inc RNG.N RNG is expected to show a rise
in
quarterly revenue when it reports results on August 7.
* The Belmont California California-based company is
expected to
report a 10.1% increase in revenue to $536.186 million from
$486.9 million a year ago, according to the mean estimate from
26 analysts, based on Refinitiv data. The company's guidance on
May 9 2023, for the period ended June 30, was for revenue
between $535.00 million and $537.00 million.
* Refinitiv's mean analyst estimate for RingCentral Inc is
for
earnings of 75 cents per share. The company's EPS guidance on
May 9 2023, for the period ended June 30, was between $0.74 and
$0.76
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 20 "strong buy" or "buy," 9
"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 $45, above its last closing price of $38.64.
The company's guidance on May 9 2023 for the period ended June
30 was for Earnings before Interest and Taxes between USD-53.4
million and USD-48 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
Mar. 31 2023 0.69 0.69 0.76 Beat 9.5
Dec. 31 2023 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. 0.34 0.34 0.39 Beat 14
31 2022
Dec. 31 2021 0.37 0.37 0.39 Beat 5.4
Sep. 30 2021 0.34 0.33 0.36 Beat 7.7
Jun. 30 2021 0.28 0.28 0.32 Beat 14.7
This summary was machine generated August 5 at 02:01 GMT. All
figures in US dollars unless otherwise stated