RingCentral Inc expected to post earnings of 75 cents a share - Earnings Preview
04/11/2023 03:01
* RingCentral Inc RNG.N RNG is expected to show a rise
in
quarterly revenue when it reports results on November 6.
* The Belmont California California-based company is
expected to
report a 8.9% increase in revenue to $554.156 million from
$509.03 million a year ago, according to the mean estimate from
24 analysts, based on LSEG data. The company's guidance on
August 7 2023, for the period ended September 30, was for
revenue between $552.00 million and $556.00 million.
* Refinitiv's mean analyst estimate for RingCentral Inc is
for
earnings of 75 cents per share. The company's EPS guidance on
August 7 2023, for the period ended September 30, was between
$0.75 and $0.78
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 14 "strong buy" or "buy," 12
"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 $40, above its last closing price of $28.32.
The company's guidance on August 7 2023 for the period ended
September 30 was for Earnings before Interest and Taxes between
USD99.4 million and USD102.9 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
Jun. 30 2023 0.75 0.75 0.83 Beat 10.7
Mar. 31 2023 0.69 0.69 0.76 Beat 9.5
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. 0.41 0.40 0.45 Beat 11.3
30 2022
Mar. 31 2022 0.34 0.34 0.39 Beat 14
Dec. 31 2021 0.37 0.37 0.39 Beat 5.4
Sep. 30 2021 0.34 0.33 0.36 Beat 7.7
This summary was machine generated November 4 at 03:01 GMT. All
figures in US dollars unless otherwise stated