Arlo Technologies Inc expected to post earnings of 9 cents a share - Earnings Preview

Arlo Technologies

07/08/2024 02:48

* Arlo Technologies Inc  ARLO.N   ARLO.K  is expected
to show a
rise in quarterly revenue when it reports  results on August 8
for the period ending June 30 2024
    * The Carlsbad California-based  company is expected to
report a
8.6% increase in revenue to $125.014 million from $115.08
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data.The company's guidance on May 9
2024, for the period ended June 30, was for revenue between
$120.00 million and $130.00 million.
    * ​LSEG's mean analyst estimate for Arlo Technologies Inc is
for
earnings of 9 cents per share. The company's EPS guidance on May
9 2024, for the period ended June 30, was between $0.06 and
$0.12 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Arlo
Technologies
Inc is $17.00​, above​ its last closing price of $13.33. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.09        0.09       0.09      Met     2.5
 Dec. 31 2024  0.09        0.08       0.11      Beat    31.9
 Jan. 1 0001   0.07        0.07       0.09      Beat    36.4​
 Jun. 30 2023  0.04        0.04       0.06      Beat    63.3
 ​​Mar.        -0.05       -0.05      0.01      Beat    119.5
 31 2023                                                
 Dec. 31 2022  -0.11       -0.10      -0.04     Beat    60.7​
 Sep. 30 2022  -0.13       -0.13      -0.05     Beat    60.6
 Jan. 1 0001   -0.07       -0.07      0.01      Beat    115.2
 This summary was machine generated August 7 at 01:48 GMT.  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)