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For the quarter ended December 2024, Arlo Technologies (ARLO) reported revenue of $121.57 million, down 10% over the same period last year. EPS came in at $0.10, compared to $0.11 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $121.16 million, representing a surprise of +0.34%. The company delivered an EPS surprise of -9.09%, with the consensus EPS estimate being $0.11.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Arlo Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Non-GAAP gross margin - Services: 81.7% compared to the 76.7% average estimate based on two analysts.
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Non-GAAP gross margin - Products: -11.9% versus the two-analyst average estimate of 1.8%.
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Revenue- Services: $64.15 million versus the three-analyst average estimate of $63.85 million. The reported number represents a year-over-year change of +14.7%.
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Revenue- Products: $57.43 million versus $57.31 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -27.5% change.
View all Key Company Metrics for Arlo Technologies here>>>
Shares of Arlo Technologies have returned +1.4% over the past month versus the Zacks S&P 500 composite's -2.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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This article originally published on Zacks Investment Research (zacks.com).