Earnings Outlook For Rimini Street
Portfolio Pulse from Benzinga Insights
Rimini Street (NASDAQ:RMNI) is set to release its quarterly earnings report on October 30, 2024. Analysts expect an EPS of $0.06. The company's past performance shows a tendency for share price volatility following earnings announcements, with a notable 7.66% drop after missing EPS estimates last quarter. Investors are keen on both the earnings results and future guidance.
October 29, 2024 | 5:02 pm
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Rimini Street is expected to announce its quarterly earnings with an estimated EPS of $0.06. Past earnings misses have led to significant share price drops, highlighting the importance of meeting or exceeding expectations and providing positive guidance.
Rimini Street's upcoming earnings report is crucial as past performance shows significant share price reactions to earnings results. The market will closely watch if the company meets or exceeds the EPS estimate of $0.06 and provides positive guidance. Given the historical volatility, the short-term impact on the stock price could be significant, but the direction will depend on the actual results and guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100