Ribbon Comms's Earnings: A Preview

Ribbon Comms (NASDAQ:RBBN) is preparing to release its quarterly earnings on Wednesday, 2024-10-23. Here's a brief overview of what investors should keep in mind before the announcement.

Analysts expect Ribbon Comms to report an earnings per share (EPS) of $0.06.

The announcement from Ribbon Comms is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Past Earnings Performance

During the last quarter, the company reported an EPS missed by $0.00, leading to a 17.22% drop in the share price on the subsequent day.

Here's a look at Ribbon Comms's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.05

0

0.13

0.07

EPS Actual

0.05

-0.01

0.12

0.05

Price Change %

-17.0%

-0.0%

7.000000000000001%

3.0%

Tracking Ribbon Comms's Stock Performance

Shares of Ribbon Comms were trading at $3.4 as of October 21. Over the last 52-week period, shares are up 78.68%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Analyst Views on Ribbon Comms

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Ribbon Comms.

The consensus rating for Ribbon Comms is Buy, derived from 2 analyst ratings. An average one-year price target of $5.0 implies a potential 47.06% upside.

Analyzing Ratings Among Peers

The analysis below ...