Ringcentral, Inc. (NYSE:RNG) Yearly Sales Target At $118.736


The EPS projection of Ringcentral, Inc. (NYSE:RNG) for quarter ended 2016-09-30 is $-0.08. A week before, the EPS forecast was $-0.08 against target of $-0.08, a month earlier. This estimate stood at $-0.08 60 days earlier versus forecast of $-0.08 90 days earlier, confirming a deviation of 0%.

Ringcentral, Inc. (NYSE:RNG) reported that 18 days ago, the positive EPS revisions were 1 and negative revisions at 2.

In last week, the per-share earnings was lowered 0 times and 0 times positively. In last 120, 60, 30 and 90 days the positive revisions were 0, 0, 0 and 0, respectively.

The downgrade of EPS estimates for Ringcentral, Inc. (NYSE:RNG) in the preceding 120, 60, 30 and 90 days were 3, 3, 0 and 3, in that order.

Earnings Surprises

As per the latest update, for the quarter closed 1, the EPS estimate of Ringcentral, Inc. (NYSE:RNG) was $-0.08. This projection was computed after accounting 5 calls. As reported on 2016-04-27 the EPS was $-0.08. The change was $0, demonstrating a percentage deviation of 0%. The projections confirmed a standard deviation of 0.01.

Quarterly Sales Estimates

For the fiscal 2017, the yearly sales target for Ringcentral, Inc. (NYSE:RNG) stands at $118.736 and the median estimate at $118.18. Almost 3 analysts announced their estimates.

The highest estimate is $120.2 while the lowest target is $117.83 showing standard deviation of 1.279%.

As many as 3 analysts released sales estimates reised in upside while 3 reduced sales estimates, demonstrating a deviation of 0%.

In last month, 3 revised sales number projection on upside while 3 lowered the sales target, demonstrating a deviation of -0.38%.

A quarter ago, 3 hiked sales estimations and 3 reduced sales forecast. Ringcentral, Inc. (NYSE:RNG) stated that the change in forecast was -0.064%.

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