Earnings Outlook For Rimini Street

Rimini Street RMNI is set to give its latest quarterly earnings report on Wednesday, 2024-10-30. Here's what investors need to know before the announcement.

Analysts estimate that Rimini Street will report an earnings per share (EPS) of $0.06.

Anticipation surrounds Rimini Street's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Overview of Past Earnings

In the previous earnings release, the company missed EPS by $0.02, leading to a 7.66% drop in the share price the following trading session.

Here's a look at Rimini Street's past performance and the resulting price change:

Rimini Street Share Price Analysis

Shares of Rimini Street were trading at $1.73 as of October 28. Over the last 52-week period, shares are down 28.96%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

To track all earnings releases for Rimini Street visit their earnings calendar on our site.

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