Alarm.com Holdings (NASDAQ:ALRM) reported its Q1 earnings results on Wednesday, May 10, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Alarm.com Holdings beat estimated earnings by 32.26%, reporting an EPS of $0.41 versus an estimate of $0.31.
Revenue was up $4.28 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.11 which was followed by a 2.58% drop in the share price the next day.
Here’s a look at Alarm.com Holdings’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.42 | 0.50 | 0.41 | 0.33 |
| EPS Actual | 0.53 | 0.55 | 0.49 | 0.39 |
| Revenue Estimate | 207.29M | 210.67M | 208.35M | 191.57M |
| Revenue Actual | 208.14M | 216.14M | 212.84M | 205.44M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Alarm.com Holdings management provided guidance for FY 2023, expecting earnings between $1.55 and $1.6 per share.
To track all earnings releases for Alarm.com Holdings visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
