Recap: Ooma Q3 Earnings

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.

Earnings

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
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).

Guidance

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.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

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

Posted In: BZI-RecapsEarnings

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.