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

Alarm.com Holdings

09/08/2023 22:44

* Alarm.com Holdings Inc  ALRM.OQ  reported quarterly
adjusted
earnings of 49 cents​​ per share for the quarter ended in June.
The mean expectation of nine analysts for the quarter was
for earnings of 36 cents per share.
    * Revenue rose 5.2% to $223.88 million from a year ago;
analysts
expected $214.46 million. 
    * Alarm.com Holdings Inc's reported EPS for the quarter was
30
cents​.
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Alarm.com Holdings Inc shares had fallen by 3.7% this
quarter and gained 0.6% so far this year.
    * The company reported quarterly net income of $15.8
million.
    * Wall Street's median 12-month price target for Alarm.com
Holdings Inc is $65.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 9 at 09:44 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.36           0.49           Beat
 Mar. 31 2023      0.31           0.41           Beat
 Dec. 31 2022      0.43           0.53           Beat
 Sep. 30 2022      0.50           0.55           Beat