We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Unlocking Q4 Potential of RingCentral (RNG): Exploring Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts forecast that RingCentral (RNG - Free Report) will report quarterly earnings of $0.83 per share in its upcoming release, pointing to a year-over-year increase of 38.3%. It is anticipated that revenues will amount to $569.65 million, exhibiting an increase of 8.6% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain RingCentral metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts' assessment points toward 'Revenues- Subscriptions' reaching $544.86 million. The estimate suggests a change of +8.6% year over year.
The consensus estimate for 'Revenues- Other' stands at $25.24 million. The estimate points to a change of +9.1% from the year-ago quarter.
Analysts forecast 'Gross Margin- Subscriptions' to reach 82.3%. Compared to the present estimate, the company reported 82.6% in the same quarter last year.
The average prediction of analysts places 'Annualized Exit Monthly Recurring Subscriptions (ARR)' at $2.31 billion. Compared to the present estimate, the company reported $2.10 billion in the same quarter last year.
Shares of RingCentral have demonstrated returns of -5.4% over the past month compared to the Zacks S&P 500 composite's +3.7% change. With a Zacks Rank #2 (Buy), RNG is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unlocking Q4 Potential of RingCentral (RNG): Exploring Wall Street Estimates for Key Metrics
Wall Street analysts forecast that RingCentral (RNG - Free Report) will report quarterly earnings of $0.83 per share in its upcoming release, pointing to a year-over-year increase of 38.3%. It is anticipated that revenues will amount to $569.65 million, exhibiting an increase of 8.6% compared to the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain RingCentral metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts' assessment points toward 'Revenues- Subscriptions' reaching $544.86 million. The estimate suggests a change of +8.6% year over year.
The consensus estimate for 'Revenues- Other' stands at $25.24 million. The estimate points to a change of +9.1% from the year-ago quarter.
Analysts forecast 'Gross Margin- Subscriptions' to reach 82.3%. Compared to the present estimate, the company reported 82.6% in the same quarter last year.
The average prediction of analysts places 'Annualized Exit Monthly Recurring Subscriptions (ARR)' at $2.31 billion. Compared to the present estimate, the company reported $2.10 billion in the same quarter last year.
View all Key Company Metrics for RingCentral here>>>
Shares of RingCentral have demonstrated returns of -5.4% over the past month compared to the Zacks S&P 500 composite's +3.7% change. With a Zacks Rank #2 (Buy), RNG is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>