Rimini Street (RMNI) to Release Quarterly Earnings on Thursday

Rimini Street (NASDAQ:RMNI) is expected to announce its Q1 2025 earnings results after the market closes on Thursday, May 1st. Analysts expect Rimini Street to post earnings of $0.09 per share and revenue of $103.26 million for the quarter.

Rimini Street (NASDAQ:RMNI) last issued its earnings results on Thursday, February 27th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Rimini Street had a negative return on equity of 83.26% and a negative net margin of 7.87%. The business had revenue of $114.21 million during the quarter, compared to the consensus estimate of $102.57 million. On average, analysts expect Rimini Street to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Rimini Street Trading Up 0.9 %

RMNI opened at $3.47 on Wednesday. The company has a fifty day moving average price of $3.50 and a two-hundred day moving average price of $2.79. The company has a market cap of $316.80 million, a P/E ratio of -9.38 and a beta of 1.31. Rimini Street has a 1-year low of $1.53 and a 1-year high of $4.15.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners raised shares of Rimini Street from a “neutral” rating to a “buy” rating in a research report on Friday, February 28th.

Rimini Street Company Profile

Rimini Street, Inc provides enterprise software products, services, and support. The company engages in the provision of support services for Oracle and SAP enterprise software products. It also provides Rimini ONE, an outsourcing option that offers a set of unified and integrated services to run, manage, support, customize, configure, connect, protect, monitor, and optimize its clients’ application, database, and technology enterprise software; Rimini Support, a mission-critical support for Oracle, SAP, proprietary and open-source database, and technology software; Rimini Manage, a suite of managed services for application and database software; Rimini Protect, a suite of personalized software security services and solutions; and Rimini Connect, a suite of managed interoperability solutions for browsers, operating systems, and email systems.