Rimini Street(RMNI) ZACKS·2024-10-30 12:56Financial Performance - Rimini Street reported quarterly earnings of $0.22 per share, exceeding the Zacks Consensus Estimate of $0.07 per share, and up from $0.14 per share a year ago, representing an earnings surprise of 214.29% [1] - The company posted revenues of $104.67 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 5.31%, although this is a decrease from year-ago revenues of $107.45 million [2] Market Performance - Rimini Street shares have declined approximately 48.3% since the beginning of the year, contrasting with the S&P 500's gain of 22.3% [3] - The current Zacks Rank for Rimini Street is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $98.1 million, and for the current fiscal year, it is $0.32 on revenues of $407.36 million [7] - The estimate revisions trend for Rimini Street is mixed, and changes in earnings expectations may occur following the recent earnings report [6] Industry Context - The Internet - Software industry, to which Rimini Street belongs, is currently ranked in the top 33% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]