Business communications software company 8x8 (NYSE: EGHT) will be reporting earnings this Tuesday after the bell. Here’s what to look for.
8x8 met analysts’ revenue expectations last quarter, reporting revenues of $177 million, down 1.3% year on year. It was a slower quarter for the company, with a slight miss of analysts’ EBITDA estimates and billings in line with analysts’ estimates.
Is 8x8 a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting 8x8’s revenue to be flat year on year at $177.5 million, improving from the 2.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.08 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. 8x8 has missed Wall Street’s revenue estimates five times over the last two years.
Looking at 8x8’s peers in the productivity software segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Five9 delivered year-on-year revenue growth of 12.4%, beating analysts’ expectations by 2.9%, and ServiceNow reported revenues up 22.4%, topping estimates by 2.9%. Five9 traded down 6.1% following the results while ServiceNow was up 4.3%.
Read our full analysis of Five9’s results here and ServiceNow’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the productivity software stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5% on average over the last month. 8x8 is down 9.2% during the same time and is heading into earnings with an average analyst price target of $2.33 (compared to the current share price of $1.87).
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