Ooma Inc reports results for the quarter ended July 31 - Earnings Summary

• Ooma Inc OOMA.N reported quarterly adjusted earnings of 23 cents​​ per share for the quarter ended July 31, higher than the same quarter last year, when the company reported EPS of 15 cents. The mean expectation of six analysts for the quarter was for earnings of 20 cents per share. Wall Street expected results to range from 20 cents to 21 cents per share.

• Revenue rose 3.5% to $66.36 million from a year ago; analysts expected $66.40 million.

• Ooma Inc's reported EPS for the quarter was 4 cents​.

• The company reported quarterly net income of $1.26 million.

• Ooma Inc shares had fallen by 7.1% this quarter and lost 14.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 $17.75, about 31% above its last closing price of $12.24

This summary was machine generated from LSEG data August 26 at 09:00 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)