A Preview Of RingCentral's Earnings
Portfolio Pulse from Benzinga Insights
RingCentral (NYSE:RNG) is scheduled to release its quarterly earnings report on February 20, 2024, with analysts expecting an EPS of $0.82. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter resulting in a 2.69% increase following an EPS beat. Shares are currently trading at $32.93, down 13.67% over the last 52 weeks. Investors are looking for positive guidance for the next quarter, which could significantly influence the stock's price.
February 19, 2024 | 3:01 pm
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RingCentral is expected to report an EPS of $0.82 for the upcoming quarter. Historical data shows its stock price is sensitive to earnings performance and guidance. Currently trading at $32.93, down 13.67% over the last year.
Given RingCentral's history of stock price sensitivity to earnings performance and guidance, the upcoming earnings report is crucial. Positive results and guidance could lead to a stock price increase, especially considering the stock's recent downtrend. The anticipation of beating the EPS estimate and providing positive future guidance could drive investor optimism.
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IMPORTANCE 90
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