Rimini Street (RMNI) Q4 Earnings and Revenues Top Estimates

Core Insights - Rimini Street (RMNI) reported quarterly earnings of $0.12 per share, exceeding the Zacks Consensus Estimate of $0.11 per share, but down from $0.19 per share a year ago, representing an earnings surprise of 9.09% [1] - The company achieved revenues of $114.21 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 16.43% and showing an increase from $112.11 million year-over-year [2] - Rimini Street shares have increased approximately 21% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.08 on revenues of $96.07 million, and for the current fiscal year, it is $0.34 on revenues of $386.46 million [7] - The estimate revisions trend for Rimini Street is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [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] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]