The company has historically outperformed Wall Street EPS estimates 98% of the time, and its stock has typically gained nearly 3% following quarterly results.
RingCentral stock has slipped about 2% from the start of the year.
RNG YTD mountain RingCentral stock.
About half of analysts polled by FactSet rate RingCentral stock as a buy, and their average price targets imply more than 22% upside moving forward.
The Trade Desk will report quarterly results on Thursday, while analysts polled by FactSet estimate fourth-quarter earnings per share of 41 cents per share on $582 million in revenue.
Persons:
Stocks, RingCentral, Vlad Shmunis, Morgan Stanley, Matthew Cost
Organizations:
CNBC Pro, Digital, Trade, FactSet, Amazon, Reliance