RingCentral (RNG) Q1 Earnings and Revenues Beat Estimates

Company Performance - RingCentral reported quarterly earnings of $1 per share, exceeding the Zacks Consensus Estimate of $0.96 per share, and up from $0.87 per share a year ago, representing an earnings surprise of 4.17% [1] - The company posted revenues of $612.06 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.22%, and an increase from $584.21 million year-over-year [2] - Over the last four quarters, RingCentral has consistently surpassed consensus EPS and revenue estimates [2] Stock Outlook - RingCentral shares have declined approximately 25.5% since the beginning of the year, compared to a decline of 4.3% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $1.02 on revenues of $621 million, and for the current fiscal year, it is $4.19 on revenues of $2.52 billion [7] Industry Context - The Internet - Software and Services industry, to which RingCentral belongs, is currently ranked in the bottom 19% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - The performance of RingCentral's stock may be influenced by the overall outlook for the industry [8]