RingCentral (RNG) Tops Q4 Earnings and Revenue Estimates

Company Performance - RingCentral reported quarterly earnings of $0.98 per share, exceeding the Zacks Consensus Estimate of $0.96 per share, and up from $0.86 per share a year ago [1][2] - The company achieved revenues of $614.51 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.37% and increasing from $571.27 million year-over-year [3] Earnings Surprises - The quarterly report represented an earnings surprise of 2.08%, and the company has surpassed consensus EPS estimates in all four of the last quarters [2][3] Stock Performance - RingCentral shares have declined approximately 9.3% since the beginning of the year, contrasting with the S&P 500's gain of 4.5% [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1 on revenues of $625.21 million, and for the current fiscal year, it is $4.19 on revenues of $2.57 billion [8] - The estimate revisions trend for RingCentral is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [7] Industry Context - The Internet - Software and Services industry, to which RingCentral belongs, is currently in the top 18% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9]