Smart security company Arlo (NYSE: ARLO) will be reporting results this Thursday afternoon. Here’s what to expect.
Arlo Technologies beat analysts’ revenue expectations last quarter, reporting revenues of $155.9 million, up 20.5% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EPS guidance for next quarter estimates.
Is Arlo Technologies a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Arlo Technologies’s revenue to grow 3.9% year on year, improving from the 1.4% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Arlo Technologies has a history of exceeding Wall Street’s expectations.
Looking at Arlo Technologies’s peers in the specialized technology segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Zebra delivered year-on-year revenue growth of 22.3%, beating analysts’ expectations by 2.8%, and OSI Systems reported revenues up 4.9%, topping estimates by 2.6%. OSI Systems traded down 4.2% following the results.
Read our full analysis of Zebra’s results here and OSI Systems’s results here.
Investors in the specialized technology segment have had steady hands going into earnings, with share prices flat over the last month. Arlo Technologies is up 8.9% during the same time and is heading into earnings with an average analyst price target of $20.67 (compared to the current share price of $13.72).
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