Arlo Technologies Inc reports results for the quarter ended in December - Earnings Summary

Arlo Technologies

29/02/2024 22:38

* Arlo Technologies Inc  ARLO.N  reported quarterly adjusted
earnings of 11 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -4 cents.  The mean expectation of
five analysts for the quarter was for earnings of 8 cents per
share. Wall Street expected results to range from 8 cents to 9
cents per share.
    * Revenue rose 14% to $135.09 million from a year ago;
analysts
expected $134.59 million. 
    * Arlo Technologies Inc's reported EPS for the quarter was 1
cent​.
    * The company reported quarterly net income of $692
thousand.
    * Arlo Technologies Inc shares had risen by 4.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the computer &
electronics retailers peer group is also "buy"

Wall Street's median 12-month price target for Arlo Technologies
Inc is $14.00 
This summary was machine generated from LSEG data February 29 at
10:37 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
 Dec. 31 2023      0.08           0.11           Beat
 Sep. 30 2023      0.07           0.09           Beat
 Jun. 30 2023      0.04           0.06           Beat
 Mar. 31 2023      -0.05          0.01           Beat