“You have to wonder how long Ribbon can keep this up. Coming off a 600% positive earnings surprise, even a stellar quarter looks blase.”
Ribbon Communications Inc. RBBN is scheduled to report third-quarter 2018 financial results after the closing bell on Oct 30. In the last reported quarter, the company delivered a positive earnings surprise of 600%. Notably, Ribbon surpassed the Zacks Consensus Estimate in each of the last four quarters with an average beat of 168.1%.
The company is likely to report higher revenues in the to-be-reported quarter on the back of healthy growth dynamics. Whether this can result into an earnings beat remains to be seen.