8X8 (EGHT) Scheduled to Post Quarterly Earnings on Monday

8X8 (NASDAQ:EGHT) is scheduled to announce its earnings results after the market closes on Monday, November 4th. Analysts expect the company to announce 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.Persons that are interested in registering for 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 net margin of 8.65% and a negative return on equity of 6.51%. The firm had revenue of $172.80 million during the quarter, compared to analyst estimates of $178.90 million. During the same period in the prior year, the business posted ($0.04) EPS. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. On average, analysts expect 8X8 to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

8X8 Price Performance

Shares of EGHT opened at $2.20 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 3.93. 8X8 has a twelve month low of $1.51 and a twelve month high of $3.92. The stock has a market capitalization of $282.33 million, a P/E ratio of -4.40 and a beta of 1.56. The company has a 50 day moving average of $1.95 and a 200-day moving average of $2.25.

Wall Street Analyst Weigh In

EGHT has been the topic of several analyst reports. Rosenblatt Securities cut their price target on shares of 8X8 from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Monday, October 28th. Barclays reduced their price target on 8X8 from $3.00 to $2.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Needham & Company LLC lowered their price target on 8X8 from $3.50 to $3.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Wedbush raised 8X8 to a “hold” rating in a report on Thursday, October 17th. Finally, B. Riley reissued a “buy” rating and issued a $4.00 target price (down from $7.00) on shares of 8X8 in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $2.93.

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.