Arlo Technologies Inc expected to post earnings of 9 cents a share - Earnings Preview

* Arlo Technologies Inc is expected to show a rise in quarterly revenue when it reports results on May 9 for the period ending March 31 2024

* The Carlsbad California-based company is expected to report a 11.1% increase in revenue to $123.296 million from $111 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data.The company's guidance on February 29 2024, for the period ended March 31, was for revenue between $117.00 million and $127.00 million.

* ​LSEG's mean analyst estimate for Arlo Technologies Inc is for earnings of 9 cents per share. The company's EPS guidance on February 29 2024, for the period ended March 31, was between $0.05 and $0.11

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months. ​

* Wall Street's median 12-month price target for Arlo Technologies Inc is $14.00​, above​ its last closing price of $13.89. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Dec. 31 2023 0.09 0.08 0.11 Beat 31.9

Jan. 1 2023 0.07 0.07 0.09 Beat 36.4

Jun. 30 2023 0.04 0.04 0.06 Beat 63.3​

Jan. 1 0001 -0.05 -0.05 0.01 Beat 119.5

​​Dec. -0.11 -0.10 -0.04 Beat 60.7

31 2022

Sep. 30 2022 -0.13 -0.13 -0.05 Beat 60.6​

Jun. 30 2022 -0.07 -0.07 0.01 Beat 115.2

Mar. 31 2022 -0.03 -0.03 0.01 Beat 132.3

This summary was machine generated May 8 at 02:10 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)