- 8x8 (EGHT, Financial) is gearing up to unveil its fourth-quarter earnings on May 19th, post-market.
- Analysts project steady EPS at $0.08, with revenue expected to slightly dip by 0.8% year-over-year.
- The stock's predominant recommendation remains "Hold," reflecting cautious optimism among analysts.
8X8 (EGHT) is poised to announce its fourth-quarter earnings on May 19th, subsequent to the market's closure. Analysts anticipate the earnings per share (EPS) to remain consistent at $0.08 compared to the prior year. Moreover, revenue is projected at $177.98 million, which represents a modest 0.8% year-over-year decline.
Wall Street Analysts Forecast
Reviewing the one-year price targets provided by eight analysts, the average projected price for 8x8 Inc (EGHT, Financial) stands at $2.64. The forecast ranges from a high of $4.00 to a low of $1.50. This average target suggests a promising upside of 45.72% from the current trading price of $1.81. Investors can access further detailed estimate data on the 8x8 Inc (EGHT) Forecast page.
Analysts' Recommendations
The consensus recommendation from eight brokerage firms positions 8x8 Inc (EGHT, Financial) with an average brokerage recommendation of 2.9, which translates to a "Hold" status. This rating employs a scale from 1 to 5, where 1 signifies a Strong Buy, and 5 denotes a Sell.
GuruFocus Estimates
According to GuruFocus estimates, the projected GF Value for 8x8 Inc (EGHT, Financial) over the next year is $2.94. This indicates an impressive upside of 62.43% from the current price of $1.81. The GF Value reflects GuruFocus' fair value estimate, derived from historical trading multiples, past business growth, and anticipated future performance. More detailed information is available on the 8x8 Inc (EGHT) Summary page.
