Ooma Inc reports results for the quarter ended in October - Earnings Summary

Ooma

05/12/2023 22:39

* Ooma Inc  OOMA.N  reported quarterly adjusted earnings of
15
cents​​ per share for the quarter ended in October, higher than
the same quarter last year, when the company reported EPS of 14
cents.  The mean expectation of six analysts for the quarter was
for earnings of 15 cents per share. Wall Street expected
results to range from 13 cents to 17 cents per share.
    * Revenue rose 5.6% to $59.86 million from a year ago;
analysts
expected $60.78 million. 
    * Ooma Inc's reported EPS for the quarter was 9 cents​.
    * The company reported quarterly net income of $2.29
million.
    * Ooma Inc shares had fallen by 8.7% this quarter and
lost 12.8%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.9%
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
$19.00 
This summary was machine generated from LSEG data December 5 at
10:38 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
 Oct. 31 2023      0.15           0.15           Met
 Jul. 31 2023      0.14           0.14           Met
 Apr. 30 2023      0.14           0.16           Beat
 Jan. 31 2023      0.14           0.16           Beat