8X8 (EGHT) Set to Announce Earnings on Monday

8X8 (NASDAQ:EGHT) will post its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect 8X8 to post earnings of $0.08 per share for the quarter. 8X8 has set its FY 2025 guidance at EPS and its Q2 2025 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

8X8 (NASDAQ:EGHT) last announced its earnings results on Wednesday, August 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). 8X8 had a negative return on equity of 6.51% and a negative net margin of 8.65%. The business had revenue of $172.80 million for the quarter, compared to analysts’ expectations of $178.90 million. During the same period in the previous year, the firm posted ($0.04) earnings per share. The firm’s revenue was down 5.7% compared to the same quarter last year.

8X8 Stock Down 0.5 %

Shares of NASDAQ EGHT opened at $1.99 on Monday. 8X8 has a 1 year low of $1.51 and a 1 year high of $3.92. The firm has a market cap of $255.38 million, a price-to-earnings ratio of -3.98 and a beta of 1.56. The company has a debt-to-equity ratio of 3.93, a quick ratio of 1.50 and a current ratio of 1.50. The stock’s 50-day simple moving average is $1.92 and its 200-day simple moving average is $2.26.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. StockNews.com lowered 8X8 from a “buy” rating to a “hold” rating in a research report on Friday. B. Riley reissued a “buy” rating and issued a $4.00 price objective (down from $7.00) on shares of 8X8 in a report on Thursday. Wedbush raised 8X8 to a “hold” rating in a report on Thursday, October 17th. Barclays lowered their price objective on 8X8 from $3.00 to $2.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Finally, Needham & Company LLC lowered their price objective on 8X8 from $3.50 to $3.00 and set a “buy” rating for the company in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.00.

About 8X8

8×8, Inc provides voice, video, chat, contact center, and enterprise-class application programmable interface (API) Software-as-a-Service solutions for small business, mid-market, enterprise customers, government agencies, and other organizations worldwide. It offers 8×8 Work, a self-contained end-to-end united communications solution that delivers voice services, secure video meetings, and unified messaging, including direct messages, public and private team messaging rooms, and peer-to-peer short and multimedia messaging; 8×8 Contact Center, a cloud-based contact center as-a-service solution; and 8×8 Engage, an artificial intelligence-powered solution that equips customer-facing employees outside the contact center with the tools and capabilities to deliver successful customer engagements.