RingCentral Inc expected to post earnings of 82 cents a share - Earnings Preview

RingCentral

16/02/2024 22:09

* RingCentral Inc  RNG.N   RNG  is expected to show a rise
in
quarterly revenue when it reports  results on February 20 for
the period ending December 31 2023
    * The Belmont California California-based  company is
expected to
report a 8.7% increase in revenue to $570.42 million from
$524.75 million a year ago, according to the mean estimate from
24 analysts, based on LSEG data.The company's guidance on
November 6 2023, for the period ended December 31, was for
revenue between $566.50 million and $573.50 million.
    * ​LSEG's mean analyst estimate for RingCentral Inc is for
earnings of 82 cents per share. The company's EPS guidance on
November 6 2023, for the period ended December 31, was between
$0.82 and $0.83 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 14
"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 $38.00​, above​ its last closing price of $30.64. ​​​

The company's guidance on November 6 2023 for the period ended
December 31 was for Earnings before Interest and Taxes between
USD113.3 million and USD114.7 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.74        0.75       0.78      Beat    4.3
 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.        0.51        0.51       0.55      Beat    8.9
 30 2022                                                
 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
 This summary was machine generated February 16 at 22:09 GMT. 
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)