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.

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.

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:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.42	0.50	0.41	0.33
EPS Actual	0.53	0.55	0.49	0.39
Revenue Estimate	207.29M	210.67M	208.35M	191.57M
Revenue Actual	208.14M	216.14M	212.84M	205.44M

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).

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.