RingCentral Inc reports results for the quarter ended December 31 - Earnings Summary

RingCentral

20/02/2025 22:01

* RingCentral Inc  RNG.N  reported quarterly adjusted
earnings of
98 cents​​ per share for the quarter ended December 31, higher
than the same quarter last year, when the company reported EPS
of 86 cents.  The mean expectation of nineteen analysts for the
quarter was for earnings of 97 cents per share. Wall Street
expected results to range from 94 cents to 99 cents per share.
    * Revenue rose 7.6% to $614.51 million from a year ago;
analysts
expected $612.35 million. 
    * RingCentral Inc's reported EPS for the quarter was a loss
of 8
cents​.
    * The company reported a quarterly loss of $7.19 million.
    * RingCentral Inc shares had fallen by 9.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 10
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is  "hold."

Wall Street's median 12-month price target for RingCentral Inc
is $40.00 
This summary was machine generated from LSEG data February 20 at
10:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.97           0.98           Beat
 Sep. 30 2024      0.92           0.95           Beat
 Jun. 30 2024      0.88           0.91           Beat
 Mar. 31 2024      0.80           0.87           Beat