Ooma (OOMA) Q2 Earnings and Revenues Top Estimates

Company Performance - Ooma reported quarterly earnings of $0.15 per share, exceeding the Zacks Consensus Estimate of $0.14 per share, and showing an increase from $0.14 per share a year ago, representing an earnings surprise of 7.14% [1] - The company posted revenues of $64.13 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 2.25%, and up from $58.35 million year-over-year [2] - Over the last four quarters, Ooma has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Stock Performance - Ooma shares have declined approximately 15.8% since the beginning of the year, while the S&P 500 has gained 17.8% [3] - The current Zacks Rank for Ooma is 3 (Hold), indicating that the shares are expected to perform in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.15 on revenues of $63.1 million, and for the current fiscal year, it is $0.57 on revenues of $251.96 million [7] - The outlook for the Communication - Components industry, where Ooma operates, is strong, currently ranking in the top 5% of over 250 Zacks industries, suggesting potential for outperformance [8]