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.
Past Earnings Performance
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|
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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