Earnings Preview for 8x8
8x8 (NYSE:EGHT) unveils its next round of earnings this Thursday, January 28. Get prepared with Benzinga's ultimate preview for 8x8's Q3 earnings.
Net Income, Earnings, And Earnings Per Share
Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.
Earnings And Revenue
8x8's per-share loss will be near $0.03 on sales of $132.81 million, according to Wall Street analysts. In the same quarter last year, 8x8 posted a loss of $0.17 per share on sales of $118.57 million.
What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?
Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin.
The Wall Street estimate would represent a 82.35% increase in the company's earnings. Revenue would be up 12.01% on a year-over-year basis. The company's reported EPS has stacked up against analyst estimates in the past like this:
EPS Estimate | -0.07 | -0.12 | -0.14 | -0.17 |
EPS Actual | -0.03 | -0.07 | -0.12 | -0.17 |
Revenue Estimate | 126.27 M | 120.58 M | 119.33 M | 114.08 M |
Revenue Actual | 129.13 M | 121.81 M | 121.48 M | 118.57 M |
Stock Performance
Over the last 52-week period, shares of 8x8 are up 86.59%.
Do not be surprised to see the stock move on comments made during its conference call. 8x8 is scheduled to hold the call at 17:00:00 ET and can be accessed here.
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