Ooma (OOMA) Surpasses Q3 Earnings and Revenue Estimates

Company Performance - Ooma reported quarterly earnings of $0.17 per share, exceeding the Zacks Consensus Estimate of $0.16 per share, and up from $0.15 per share a year ago, representing an earnings surprise of 6.25% [1] - The company achieved revenues of $65.13 million for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 1.32% and increasing from $59.86 million year-over-year [2] - Ooma has consistently surpassed consensus EPS estimates for the last four quarters [2] Stock Performance - Ooma shares have increased approximately 39.1% since the beginning of the year, outperforming the S&P 500's gain of 26.8% [4] - 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 [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.14 on revenues of $64.04 million, and for the current fiscal year, it is $0.58 on revenues of $254.95 million [8] - The estimate revisions trend for Ooma is mixed, and changes in earnings expectations may occur following the recent earnings report [7] - The outlook for the Communication - Components industry, where Ooma operates, is currently in the top 34% of Zacks industries, suggesting a favorable environment for stock performance [9]