Get ready for some upward revisions to the earnings estimates of Alarm.com (NASDAQ:ALRM). The stock is a Zacks Rank #3 (Hold) right now, but reported earnings after the close on Wednesday, March 15. The company posted revenues of $69.79M compared to the consensus of $63.95M. EPS of $0.19 was $0.06 better than the Wall Street consensus estimate.
In the release, the company guided Wall Street higher. FY2017 is now expected to produce revenue of between $322M to $325.5M, and that is comfortably higher than the $300M consensus estimate. The company expects to earn $0.73 to $0.75 for the year and that is also above the $0.65 consensus estimate.
In late after hours trading, I see the stock at $33.39, up $2.76 or about 9%.
