RingCentral (RNG) Q3 Earnings and Revenues Surpass Estimates

Zacks11-08

RingCentral (RNG) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.78 per share a year ago. These figures ...

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These figures ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ringcentral-rng-q3-earnings-revenues-235507963.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>RingCentral (RNG) Q3 Earnings and Revenues Surpass Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRingCentral (RNG) Q3 Earnings and Revenues Surpass Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-08 07:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/ringcentral-rng-q3-earnings-revenues-235507963.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>RingCentral (RNG) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.78 per share a year ago. These figures ...</p>\n\n<a href=\"https://finance.yahoo.com/news/ringcentral-rng-q3-earnings-revenues-235507963.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RNG","symbol_name":"Ringcentral Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/ringcentral-rng-q3-earnings-revenues-235507963.html","article_id":"2481962941","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/wbCMwMtKIoXj_iQA0ego4g--~B/aD01MDY7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/1154d43aaeb65735a640003549116295"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481962941","pubTimestamp":1731023707,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"RingCentral  came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.26%. A quarter ago, it was expected that this cloud-based phone system provider for small businesses would post earnings of $0.88 per share when it actually produced earnings of $0.91, delivering a surprise of 3.41%.RingCentral , which belongs to the Zacks Internet - Software and Services industry, posted revenues of $608.77 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.14%. This compares to year-ago revenues of $558.16 million. The company has topped consensus revenue estimates four times over the last four quarters.RingCentral shares have added about 10.5% since the beginning of the year versus the S&P 500's gain of 24.3%.While RingCentral has underperfor","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"RNG":"Ringcentral Inc."},"translate_title":"RingCentral(RNG)第三季度盈利和收入超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RNG":1},"content_text":"RingCentral (RNG) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.\nThis quarterly report represents an earnings surprise of 3.26%. A quarter ago, it was expected that this cloud-based phone system provider for small businesses would post earnings of $0.88 per share when it actually produced earnings of $0.91, delivering a surprise of 3.41%.\nOver the last four quarters, the company has surpassed consensus EPS estimates four times.\nRingCentral , which belongs to the Zacks Internet - Software and Services industry, posted revenues of $608.77 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.14%. This compares to year-ago revenues of $558.16 million. The company has topped consensus revenue estimates four times over the last four quarters.\nThe sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.\nRingCentral shares have added about 10.5% since the beginning of the year versus the S&P 500's gain of 24.3%.\nWhat's Next for RingCentral?\nWhile RingCentral has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?\nThere are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.\nEmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.\nAhead of this earnings release, the estimate revisions trend for RingCentral: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.\nIt will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.95 on $616.09 million in revenues for the coming quarter and $3.65 on $2.4 billion in revenues for the current fiscal year.\nInvestors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software and Services is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.\nOne other stock from the same industry, Globant (GLOB), is yet to report results for the quarter ended September 2024.\nThis information technology services provider is expected to post quarterly earnings of $1.63 per share in its upcoming report, which represents a year-over-year change of +10.1%. The consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level.\nGlobant's revenues are expected to be $614.34 million, up 12.7% from the year-ago quarter.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nRingcentral, Inc. (RNG) : Free Stock Analysis Report\nGlobant S.A. (GLOB) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481962941"}