Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries RingCentral Earnings: What To Look For From RNG By: StockStory November 06, 2024 at 02:19 AM EST Office and call centre communications software provider RingCentral (NYSE:RNG) will be announcing earnings results tomorrow afternoon. Here’s what to expect. RingCentral beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $592.9 million, up 9.9% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ billings estimates but a miss of analysts’ EBITDA estimates. Is RingCentral a buy or sell going into earnings? Read our full analysis here, it’s free.This quarter, analysts are expecting RingCentral’s revenue to grow 7.9% year on year to $602.1 million, slowing from the 9.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.92 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. RingCentral has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.7% on average. Looking at RingCentral’s peers in the productivity software segment, some have already reported their Q3 results, giving us a hint as to what we can expect. 8x8’s revenues decreased 2.2% year on year, beating analysts’ expectations by 1.5%, and Microsoft reported revenues up 16%, topping estimates by 1.6%. 8x8 traded up 18.5% following the results while Microsoft was down 6.3%. Read our full analysis of 8x8’s results here and Microsoft’s results here.There has been positive sentiment among investors in the productivity software segment, with share prices up 7% on average over the last month. RingCentral is up 24.9% during the same time and is heading into earnings with an average analyst price target of $41.74 (compared to the current share price of $37.25). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
RingCentral Earnings: What To Look For From RNG By: StockStory November 06, 2024 at 02:19 AM EST Office and call centre communications software provider RingCentral (NYSE:RNG) will be announcing earnings results tomorrow afternoon. Here’s what to expect. RingCentral beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $592.9 million, up 9.9% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ billings estimates but a miss of analysts’ EBITDA estimates. Is RingCentral a buy or sell going into earnings? Read our full analysis here, it’s free.This quarter, analysts are expecting RingCentral’s revenue to grow 7.9% year on year to $602.1 million, slowing from the 9.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.92 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. RingCentral has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.7% on average. Looking at RingCentral’s peers in the productivity software segment, some have already reported their Q3 results, giving us a hint as to what we can expect. 8x8’s revenues decreased 2.2% year on year, beating analysts’ expectations by 1.5%, and Microsoft reported revenues up 16%, topping estimates by 1.6%. 8x8 traded up 18.5% following the results while Microsoft was down 6.3%. Read our full analysis of 8x8’s results here and Microsoft’s results here.There has been positive sentiment among investors in the productivity software segment, with share prices up 7% on average over the last month. RingCentral is up 24.9% during the same time and is heading into earnings with an average analyst price target of $41.74 (compared to the current share price of $37.25). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.
Office and call centre communications software provider RingCentral (NYSE:RNG) will be announcing earnings results tomorrow afternoon. Here’s what to expect. RingCentral beat analysts’ revenue expectations by 1.1% last quarter, reporting revenues of $592.9 million, up 9.9% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ billings estimates but a miss of analysts’ EBITDA estimates. Is RingCentral a buy or sell going into earnings? Read our full analysis here, it’s free.This quarter, analysts are expecting RingCentral’s revenue to grow 7.9% year on year to $602.1 million, slowing from the 9.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.92 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. RingCentral has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.7% on average. Looking at RingCentral’s peers in the productivity software segment, some have already reported their Q3 results, giving us a hint as to what we can expect. 8x8’s revenues decreased 2.2% year on year, beating analysts’ expectations by 1.5%, and Microsoft reported revenues up 16%, topping estimates by 1.6%. 8x8 traded up 18.5% following the results while Microsoft was down 6.3%. Read our full analysis of 8x8’s results here and Microsoft’s results here.There has been positive sentiment among investors in the productivity software segment, with share prices up 7% on average over the last month. RingCentral is up 24.9% during the same time and is heading into earnings with an average analyst price target of $41.74 (compared to the current share price of $37.25). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.
