Alarm.com Sees Q4 SaaA And License Revenue Is Expected To Be In The Range Of $146M-$146.2M; FY23 EPS $1.90-$1.92 Vs $1.70 Est.; Total Revenue Is Expected To Be In The Range Of $878.9M-$881.1M Vs $881.11M Est.
Portfolio Pulse from Benzinga Newsdesk
Alarm.com has provided its financial outlook for Q4 2023 and FY 2023. The company expects its SaaS and license revenue for Q4 to be between $146M-$146.2M. For FY 2023, the total revenue is expected to be in the range of $878.9M-$881.1M, with an EPS of $1.90-$1.92, higher than the estimated $1.70. The guidance is based on current management expectations and may change.
November 09, 2023 | 9:26 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Alarm.com's higher than expected EPS and revenue forecast for FY 2023 could positively impact its stock price.
Alarm.com's forecast of higher than expected EPS and revenue for FY 2023 indicates strong financial performance, which is likely to be viewed positively by investors and could lead to an increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100