Alarm.com Holdings, Inc. (NASDAQ:ALRM) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, ALRM is expected to report 3Q20 income of $ 0.31 per share from revenue of $ 129.51 million.
For the full year, analysts anticipate top line of $ 559.21 million, while looking forward to income of $ 1.47 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 552.70 million ~ $ 563.10 million, where as bottomline are predicted in a range of $ 1.46 ~ $ 1.47 per share
Click Here For More Historical Outlooks Of Alarm.com Holdings, Inc.
Previous Quarter Performance
Alarm.com Holdings, Inc. communicated income for the second quarter of $ 0.41 per share, from the revenue of $ 141.64 million. The consensus estimates are income of $ 0.31 per share from $ 118.64 million in revenue. The bottom line results beat street analysts by $ 0.1 or 32.26 percent, at the same time, top line results outshined analysts by $ 23.00 million or 19.39 percent.
Stock Performance
Shares of Alarm.com Holdings, Inc. traded up $ 2.00 or 3.18 percent on Wednesday, reaching $ 64.80 with volume of 405.20 thousand shares. Alarm.com Holdings, Inc. has traded high as $ 65.63 and has cracked $ 63.36 on the downward trend
The closing price of $ 64.80, representing a 96.25 % increase from the 52 week low of $ 32.00 and a 15.89 % decrease over the 52 week high of $ 74.66.
The company has a market capital of $ 3.17 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 30th September 2020, upgraded by Roth Capital to Buy from Neutral rating.
Conference Call
Alarm.com Holdings, Inc. will be hosting a conference call at 4:30 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.alarm.com
Alarm.com Holdings, Inc. provides cloud-based software platform solutions for smart residential and commercial properties in the United States and internationally. The company provides interactive security solutions to control and monitor their security systems, as well as connected security devices, including door locks, motion sensors, thermostats, garage doors, and video cameras; and high definition video monitoring solutions, such as live streaming, smart clip capture, secure cloud storage, video alerts, continuous HD recording, and commercial video surveillance solutions.
