Zacks: Analysts Anticipate Ooma Inc (OOMA) to Announce -$0.06 EPS

Equities analysts expect that Ooma Inc (NYSE:OOMA) will announce earnings of ($0.06) per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Ooma’s earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.05). Ooma posted earnings of ($0.04) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 50%. The firm is scheduled to announce its next earnings results after the market closes on Tuesday, May 21st.

On average, analysts expect that Ooma will report full-year earnings of ($0.21) per share for the current financial year, with EPS estimates ranging from ($0.24) to ($0.17). For the next fiscal year, analysts forecast that the business will report earnings of ($0.10) per share, with EPS estimates ranging from ($0.18) to $0.00. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Ooma.

Ooma (NYSE:OOMA) last announced its quarterly earnings data on Tuesday, March 5th. The technology company reported ($0.16) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.02. Ooma had a negative return on equity of 39.40% and a negative net margin of 11.28%. The firm had revenue of $34.72 million during the quarter, compared to the consensus estimate of $33.19 million.



Several equities analysts have recently issued reports on OOMA shares. ValuEngine raised Ooma from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Zacks Investment Research cut Ooma from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. Finally, B. Riley boosted their target price on Ooma from $20.00 to $20.50 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $17.63.

In other news, CEO Eric B. Stang sold 11,548 shares of the stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $15.12, for a total value of $174,605.76. Following the sale, the chief executive officer now directly owns 292,500 shares of the company’s stock, valued at $4,422,600. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 12,548 shares of company stock worth $188,106. Insiders own 10.19% of the company’s stock.

Several large investors have recently made changes to their positions in OOMA. BlackRock Inc. lifted its holdings in shares of Ooma by 27.0% during the third quarter. BlackRock Inc. now owns 1,592,897 shares of the technology company’s stock valued at $26,443,000 after purchasing an additional 339,080 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Ooma by 168.0% in the first quarter. Wellington Management Group LLP now owns 417,997 shares of the technology company’s stock valued at $5,534,000 after acquiring an additional 262,054 shares during the period. Boston Partners lifted its holdings in Ooma by 30.6% in the fourth quarter. Boston Partners now owns 570,499 shares of the technology company’s stock valued at $7,919,000 after acquiring an additional 133,619 shares during the period. Portolan Capital Management LLC lifted its holdings in Ooma by 37.6% in the fourth quarter. Portolan Capital Management LLC now owns 482,445 shares of the technology company’s stock valued at $6,696,000 after acquiring an additional 131,759 shares during the period. Finally, Morgan Stanley lifted its holdings in Ooma by 106.5% in the third quarter. Morgan Stanley now owns 93,201 shares of the technology company’s stock valued at $1,547,000 after acquiring an additional 48,068 shares during the period. 74.82% of the stock is currently owned by hedge funds and other institutional investors.

OOMA stock traded down $0.21 during midday trading on Monday, hitting $14.00. The company had a trading volume of 16,781 shares, compared to its average volume of 52,605. Ooma has a 52 week low of $10.75 and a 52 week high of $17.50. The company has a market capitalization of $280.10 million, a P/E ratio of -20.29 and a beta of 0.91.

Ooma Company Profile

Ooma, Inc creates connected experiences for businesses and consumers in the United States, Canada, and internationally. The company's smart cloud-based SaaS platform serves as a communications hub, which offers cloud-based communications solutions, smart security, and other connected services. Its business and residential solutions deliver PureVoice high-definition voice quality, advanced functionality, and integration with mobile devices; and platform helps to create smart workplace and homes by offering communications, monitoring, security, automation, productivity, and networking infrastructure applications.

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Earnings History and Estimates for Ooma (NYSE:OOMA)

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