Alarm.com Holdings (NASDAQ:ALRM) reported its Q4 earnings results on Thursday, February 22, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Alarm.com Holdings beat estimated earnings by 31.91%, reporting an EPS of $0.62 versus an estimate of $0.47.
Revenue was up $18.10 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.16 which was followed by a 9.95% increase in the share price the next day.
Here's a look at Alarm.com Holdings's past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.40 | 0.36 | 0.31 | 0.42 |
| EPS Actual | 0.56 | 0.49 | 0.41 | 0.53 |
| Revenue Estimate | 224.07M | 214.46M | 207.64M | 207.29M |
| Revenue Actual | 221.85M | 223.88M | 209.72M | 208.14M |
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 2024, expecting earnings between $2.1 and $2.14 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.