RingCentral Inc reports results for the quarter ended September 30 - Earnings Summary

• RingCentral Inc RNG.N reported quarterly adjusted earnings of 95 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 78 cents. The mean expectation of nineteen analysts for the quarter was for earnings of 92 cents per share. Wall Street expected results to range from 91 cents to 94 cents per share.

• Revenue rose 9.1% to $608.77 million from a year ago; analysts expected $602.12 million.

• RingCentral Inc's reported EPS for the quarter was a loss of 9 cents​.

• The company reported a quarterly loss of $7.85 million.

• RingCentral Inc shares had risen by 22.7% this quarter and gained 14.3% 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 negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "buy"

Wall Street's median 12-month price target for RingCentral Inc is $41.00

This summary was machine generated from LSEG data November 8 at 04:26 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)