Ooma Inc reports results for the quarter ended in January - Earnings Summary
05/03/2024 23:43
* Ooma Inc OOMA.N reported quarterly adjusted earnings of
13
cents per share for the quarter ended in January, lower than
the same quarter last year, when the company reported EPS of 16
cents. The mean expectation of six analysts for the quarter was
for earnings of 12 cents per share. Wall Street expected
results to range from 12 cents to 13 cents per share.
* Revenue rose 9.2% to $61.68 million from a year ago;
analysts
expected $61.46 million.
* Ooma Inc's reported EPS for the quarter was a loss of 12
cents.
* The company reported a quarterly loss of $3.07 million.
* Ooma Inc shares had fallen by 7.3% this quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 13.7%
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 6 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."
* The average consensus recommendation for the integrated
telecommunications services peer group is also "buy"
Wall Street's median 12-month price target for Ooma Inc is
$18.00
This summary was machine generated from LSEG data March 5 at
11:42 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
Jan. 31 2024 0.12 0.13 Beat
Oct. 31 2023 0.15 0.15 Met
Jul. 31 2023 0.14 0.14 Met
Apr. 30 2023 0.14 0.16 Beat