A Preview Of 8x8's Earnings

8x8 EGHT is set to give its latest quarterly earnings report on Wednesday, 2023-02-01. Here's what investors need to know before the announcement.

Analysts estimate that 8x8 will report an earnings per share (EPS) of $0.03.

8x8 bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.01, which was followed by a 21.11% increase in the share price the next day.

Here's a look at 8x8's past performance and the resulting price change:

Stock Performance

Shares of 8x8 were trading at $4.47 as of January 30. Over the last 52-week period, shares are down 68.58%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.

To track all earnings releases for 8x8 visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.