The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict 8x8's revenues will increase 32.0% and EPS will expand 150.0%.
The average estimate for revenue is $26.2 million. On the bottom line, the average EPS estimate is $0.05.
Last quarter, 8x8 reported revenue of $25.3 million. GAAP reported sales were 36% higher than the prior-year quarter's $18.5 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 $0.12 for Q1 were 300% 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 66.8%, 30 basis points worse than the prior-year quarter. Operating margin was 9.6%, 90 basis points better than the prior-year quarter. Net margin was 34.1%, 2,360 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $107.1 million. The average EPS estimate is $0.20.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 310 members out of 323 rating the stock outperform, and 13 members rating it underperform. Among 33 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 30 give 8x8 a green thumbs-up, and three 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 $6.19.
- Add 8x8 to My Watchlist.