8x8 (Nasdaq: EGHT ) is expected to report Q1 earnings on July 24. 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 grow 17.3% and EPS will grow 20.0%.
The average estimate for revenue is $29.6 million. On the bottom line, the average EPS estimate is $0.06.
Last quarter, 8x8 booked revenue of $28.7 million. GAAP reported sales were 18% higher than the prior-year quarter's $24.2 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 $0.05. GAAP EPS of $0.02 for Q4 were 98% lower than the prior-year quarter's $0.87 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 70.6%, 220 basis points better than the prior-year quarter. Operating margin was 9.3%, 40 basis points better than the prior-year quarter. Net margin was 5.8%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $126.6 million. The average EPS estimate is $0.27.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 337 members out of 352 rating the stock outperform, and 15 members rating it underperform. Among 50 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 48 give 8x8 a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on 8x8 is outperform, with an average price target of $8.48.
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