Rimini Street, Inc. (NASDAQ:RMNI) is expected to report third quarter earnings results, after market close, on Thursday 5th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.07 per share.
Looking ahead, the full year income are expected at $ 0.36 per share on the revenues of $ 318.11 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 78.50 million ~ $ 80.50 million
Full Year 2020 topline are forecasted in a range of$ 314.00 million ~ $ 320.00 million
Click Here For More Historical Outlooks Of Rimini Street, Inc.
Previous Quarter Performance
Rimini Street, Inc. revealed income for the second quarter of $ 0.12 per share, from the revenue of $ 78.40 million. Street analysts expected Rimini Street, Inc. to report income of $ 0.09 per share on revenue of $ 77.80 million for the second quarter. The bottom line results beat street analysts by $ 0.03 or 33.33 percent, at the same time, top line results outshined analysts by $ 0.60 million or 0.77 percent.
Stock Performance
Shares of Rimini Street, Inc. traded low $ -0.08 or -2.48 percent on Wednesday, reaching $ 3.15 with volume of 133.10 thousand shares. Rimini Street, Inc. has traded high as $ 3.32 and has cracked $ 3.10 on the downward trend
The closing price of $ 3.15, representing a 45.50 % increase from the 52 week low of $ 2.22 and a 45.9 % decrease over the 52 week high of $ 5.97.
The company has a market capital of $ 237.27 million and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 2nd October 2020, initiated by Craig Hallum at Buy rating, with $ 5.00 target price.
Conference Call
Rimini Street, Inc. will be hosting a conference call at 5:00 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.riministreet.com
Rimini Street, Inc. provides enterprise software products and services for various industries. The company offers third-party support for Oracle and SAP software products.
