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

Alarm.com Holdings

09/05/2024 23:36

* Alarm.com Holdings Inc  ALRM.OQ  reported quarterly
adjusted
earnings of 50 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 41 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 49 cents per
share. Wall Street expected results to range from 47 cents to 51
cents per share.
    * Revenue rose 6.5% to $223.28 million from a year ago;
analysts
expected $219.46 million. 
    * Alarm.com Holdings Inc's reported EPS for the quarter was
44
cents​.
    * The company reported quarterly net income of $23.6
million.
    * Alarm.com Holdings Inc shares had fallen by 5.3% this
quarter and gained 6.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.3%
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 $84.00 
This summary was machine generated from LSEG data May 9 at 10:35
p.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
 Mar. 31 2024      0.49           0.50           Beat
 Dec. 31 2023      0.47           0.62           Beat
 Sep. 30 2023      0.40           0.56           Beat
 Jun. 30 2023      0.36           0.49           Beat