Ooma Inc reports results for the quarter ended April 30 - Earnings Summary

• Ooma Inc OOMA.N reported quarterly adjusted earnings of 20 cents​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 14 cents. The mean expectation of seven analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 18 cents to 19 cents per share.

• Revenue rose 4% to $65.03 million from a year ago; analysts expected $64.82 million.

• Ooma Inc's reported EPS for the quarter was a loss of 1 cent​.

• The company reported a quarterly loss of $141 thousand.

• Ooma Inc shares had risen by 3.0% this quarter and lost 4.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 16.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the integrated telecommunications services peer group is also "buy"

• Wall Street's median 12-month price target for Ooma Inc is $18.00

This summary was machine generated from LSEG data May 28 at 09:01 p.m. UTC. ​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)