8x8 (Nasdaq: EGHT ) is expected to report Q1 earnings on July 18. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict 8x8's revenues will expand 35.1% and EPS will expand 33.3%.
The average estimate for revenue is $25.0 million. On the bottom line, the average EPS estimate is $0.04.
Last quarter, 8x8 booked revenue of $24.2 million. GAAP reported sales were 33% higher than the prior-year quarter's $18.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.04. GAAP EPS of $0.87 for Q4 were much higher than the prior-year quarter's $0.03 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 68.4%, 100 basis points better than the prior-year quarter. Operating margin was 8.9%, 560 basis points worse than the prior-year quarter. Net margin was 263.9%, 25,280 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $106.5 million. The average EPS estimate is $0.19.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 294 members out of 305 rating the stock outperform, and 11 members rating it underperform. Among 30 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 29 give 8x8 a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on 8x8 is buy, with an average price target of $5.75.
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