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

RingCentral

15/02/2023 22:02

* RingCentral Inc  RNG.N  reported quarterly adjusted
earnings of
60 cents​​ per share for the quarter ended in December. The mean
expectation of twenty eight analysts for the quarter was
for earnings of 59 cents per share.
    * Revenue rose 17% to $524.75 million from a year ago;
analysts
expected $527.38 million. 
    * RingCentral Inc's reported EPS for the quarter was a loss
of
$2.97​.
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * RingCentral Inc shares had risen by 27.0% this quarter.
    * The company reported a quarterly loss of $284.06 million.
    * Wall Street's median 12-month price target for RingCentral
Inc
is $50.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 21 "strong buy" or "buy," 10
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
15 at 10:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.59           0.60           Beat
 Sep. 30 2022      0.51           0.55           Beat
 Jun. 30 2022      0.40           0.45           Beat
 Mar. 31 2022      0.34           0.39           Beat