Alarm.com Holdings, Inc. (ALRM) Tops Q3 EPS by 18c; Raises Outlook

Alarm.com Holdings, Inc. (NASDAQ: ALRM) reported Q3 EPS of $0.49, $0.18 better than the analyst estimate of $0.31. Revenue for the quarter came in at $158.9 million versus the consensus estimate of $129.51 million.

“We are pleased to report strong results this quarter,” said Steve Trundle, President and CEO of Alarm.com. “Our more than 9,000 service provider partners have been able to operate very effectively around the challenges posed by the pandemic and have been successfully activating new subscribers with an increasing range of connected property services. Our team also delivered innovative new products that will enhance our service providers’ competitive position. While there continue to be challenges, we feel we are well positioned to manage through the uncertainty caused by the pandemic.”

GUIDANCE:

Alarm.com Holdings, Inc. sees FY2020 EPS of $1.57-$1.60, versus the consensus of $1.47. Alarm.com Holdings, Inc. sees FY2020 revenue of $594-604 million, versus the consensus of $559.2 million.

For earnings history and earnings-related data on Alarm.com Holdings, Inc. (ALRM) click here.

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