Alarm.com Holdings Inc reports results for the quarter ended in December - Earnings Summary

Alarm.com Holdings

23/02/2024 03:04

* Alarm.com Holdings Inc  ALRM.OQ  reported quarterly
adjusted
earnings of 62 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 53 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 47 cents per
share. Wall Street expected results to range from 45 cents to 52
cents per share.
    * Revenue rose 8.7% to $226.24 million from a year ago;
analysts
expected $224.87 million. 
    * Alarm.com Holdings Inc's reported EPS for the quarter was
58
cents​.
    * The company reported quarterly net income of $31.3
million.
    * Alarm.com Holdings Inc shares had risen by 6.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.5%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Alarm.com
Holdings Inc is $70.00 
This summary was machine generated from LSEG data February 23 at
03:03 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.47           0.62           Beat
 Sep. 30 2023      0.40           0.56           Beat
 Jun. 30 2023      0.36           0.49           Beat
 Mar. 31 2023      0.31           0.41           Beat