8x8 EGHT is set to give its latest quarterly earnings report on Wednesday, 2022-07-27. Here's what investors need to know before the announcement.
Analysts estimate that 8x8 will report an earnings per share (EPS) of $0.03.
8x8 bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here's a look at 8x8's past performance and the resulting price change:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.01 | 0.01 | ||
| EPS Actual | 0.05 | 0.02 | 0.01 | 0.01 |
| Price Change % | 1.03% | -7.05% | -3.76% | 3.27% |
Stock Performance
Shares of 8x8 were trading at $5.36 as of July 25. Over the last 52-week period, shares are down 80.63%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.
To track all earnings releases for 8x8 visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
