Alarm.com Holdings: Q1 Earnings Insights

Alarm.com Holdings 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:

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.