Recap: Ooma Q3 Earnings - Ooma (NYSE:OOMA)

Ooma OOMA reported its Q3 earnings results on Thursday, December 2, 2021 at 04:00 PM.

Here's what investors need to know about the announcement.

Ooma beat estimated earnings by 44.44%, reporting an EPS of $0.13 versus an estimate of $0.09, which surprised analysts.

Revenue was up $6,205,000.00 from the same period last year.

Last quarter the company beat on EPS by $0.05, which was followed by a 14.65% increase in the share price the next day.

Here's a look at Ooma's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.08	0.08	0.10	0.08
EPS Actual	0.13	0.11	0.12	0.13
Revenue Estimate	46.25M	44.31M	43.28M	41.31M
Revenue Actual	47.06M	45.57M	44.26M	42.97M

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).

Ooma management provided guidance for their next quarter, expecting earnings between $0.08 and $0.11 per share for the nextquarter.

This represents a -26.92% in quarter-over-quarter growth for Ooma, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.