Rimini Street Inc reports results for the quarter ended June 30 - Earnings Summary

• Rimini Street Inc RMNI.OQ reported a quarterly adjusted loss of 1 cent​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of four analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from 8 cents to 9 cents per share.

• Revenue rose 1% to $104.11 million from a year ago; analysts expected $103.09 million.

• Rimini Street Inc's reported EPS for the quarter was 32 cents​.

• The company reported quarterly net income of $30.26 million.

• Rimini Street Inc shares had risen by 23.3% this quarter and gained 74.2% so far this year.

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 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for Rimini Street Inc is $6.25, about 25.6% above its last closing price of $4.65

This summary was machine generated from LSEG data July 31 at 09:01 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)