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

• 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)