Rimini Street (RMNI) Matches Q1 Earnings Estimates

Group 1: Earnings Performance - Rimini Street reported quarterly earnings of $0.09 per share, matching the Zacks Consensus Estimate, and an increase from $0.07 per share a year ago [1] - The company posted revenues of $104.2 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.12%, but down from $106.75 million year-over-year [2] - Over the last four quarters, Rimini Street has exceeded consensus EPS estimates two times and topped consensus revenue estimates three times [2][3] Group 2: Stock Performance and Outlook - Rimini Street shares have increased approximately 32.2% since the beginning of the year, contrasting with a decline of 5.3% in the S&P 500 [3] - The company's earnings outlook is crucial for assessing future stock performance, with current consensus EPS estimates at $0.09 for the upcoming quarter and $0.37 for the current fiscal year [4][7] - The estimate revisions trend for Rimini Street is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Group 3: Industry Context - The Internet - Software industry, to which Rimini Street belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor decisions [5]