Alarum Technologies Q3 EPS $0.03 Misses $0.07 Estimate, Sales $6.75M Beat $6.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Alarum Technologies (NASDAQ:ALAR) reported Q3 earnings of $0.03 per share, missing the consensus estimate of $0.07 by 57.14%. However, the company saw a 142.86% increase over the previous year's losses of $(0.07) per share. Sales reached $6.75M, surpassing the $6.60M estimate by 2.27% and marking a 40.27% increase from the $4.81M reported in the same period last year.
November 28, 2023 | 12:31 pm
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Alarum Technologies reported lower-than-expected Q3 EPS at $0.03, missing estimates by 57.14%, but sales exceeded expectations at $6.75M, a 40.27% increase year-over-year.
While the EPS miss is negative and could lead to a short-term negative impact on the stock price, the sales beat and significant year-over-year growth are positive indicators that may counterbalance the EPS miss. The mixed results create uncertainty, hence a neutral score is given.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100