RingCentral (NYSE:RNG) reported its Q4 earnings results on Tuesday, February 22, 2022 at 04:02 PM.
Here’s what investors need to know about the announcement.
Earnings
RingCentral beat estimated earnings by 5.41%, reporting an EPS of $0.39 versus an estimate of $0.37.
Revenue was up $113.96 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.03 which was followed by a 20.54% increase in the share price the next day.
Here’s a look at RingCentral’s past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.33 | 0.28 | 0.25 | 0.27 |
| EPS Actual | 0.36 | 0.32 | 0.27 | 0.29 |
| Revenue Estimate | 393.42M | 359.51M | 339.93M | 317.42M |
| Revenue Actual | 414.63M | 379.27M | 352.36M | 334.54M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
RingCentral management provided guidance for their next quarter, expecting earnings between $0.34 and $0.34 per share for the next quarter.
This represents a -12.82% in quarter-over-quarter growth for RingCentral, a bearish signal to many investors.
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.
