Wall Street analysts expect that Arlo Technologies Inc (NYSE:ARLO) will announce earnings per share of ($0.36) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Arlo Technologies’ earnings, with the highest EPS estimate coming in at ($0.31) and the lowest estimate coming in at ($0.40). Arlo Technologies reported earnings of ($0.05) per share during the same quarter last year, which indicates a negative year over year growth rate of 620%. The firm is expected to issue its next quarterly earnings results on Thursday, October 24th.

On average, analysts expect that Arlo Technologies will report full year earnings of ($1.38) per share for the current fiscal year, with EPS estimates ranging from ($1.42) to ($1.30). For the next financial year, analysts forecast that the business will report earnings of ($0.87) per share, with EPS estimates ranging from ($0.99) to ($0.75). Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Arlo Technologies.

Arlo Technologies (NYSE:ARLO) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.45) EPS for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.03. The firm had revenue of $83.60 million for the quarter, compared to the consensus estimate of $77.23 million. Arlo Technologies had a negative return on equity of 45.02% and a negative net margin of 29.90%. The firm’s revenue was down 24.7% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.29) earnings per share.

Several brokerages have recently commented on ARLO. Zacks Investment Research upgraded shares of Arlo Technologies from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research note on Monday, August 12th. Bank of America reaffirmed an “underperform” rating and issued a $3.50 price objective (down previously from $5.00) on shares of Arlo Technologies in a research note on Wednesday, August 7th.

NYSE ARLO traded up $0.16 during trading on Friday, reaching $3.68. The company’s stock had a trading volume of 764,618 shares, compared to its average volume of 1,508,066. The company has a current ratio of 2.04, a quick ratio of 1.43 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $263.51 million and a PE ratio of -3.61. Arlo Technologies has a 1-year low of $2.71 and a 1-year high of $19.88. The business has a 50-day moving average price of $3.39 and a 200-day moving average price of $3.89.

Several large investors have recently made changes to their positions in the business. Deutsche Bank AG boosted its stake in shares of Arlo Technologies by 233.2% during the 4th quarter. Deutsche Bank AG now owns 79,248 shares of the company’s stock worth $789,000 after acquiring an additional 55,462 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Arlo Technologies by 6,578.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 17,698 shares of the company’s stock valued at $73,000 after acquiring an additional 17,433 shares in the last quarter. Bank of Montreal Can lifted its holdings in Arlo Technologies by 5,782.4% in the 1st quarter. Bank of Montreal Can now owns 10,000 shares of the company’s stock worth $41,000 after purchasing an additional 9,830 shares during the last quarter. Arizona State Retirement System acquired a new stake in Arlo Technologies in the 1st quarter worth approximately $473,000. Finally, SG Americas Securities LLC acquired a new stake in Arlo Technologies in the 1st quarter worth approximately $207,000. 87.09% of the stock is owned by institutional investors.

About Arlo Technologies

Arlo Technologies, Inc provides smart connected devices to monitor the environments in real-time with a Wi-Fi or a cellular network Internet connection in the Americas, Europe, the Middle-East and Africa, and the Asia Pacific regions. It offers Arlo Security Camera, a battery-operated Wi-Fi security camera; Arlo Q and Arlo Q Plus, an indoor wired solution that allow users to monitor their surroundings; Arlo Pro, a battery-operated weather-resistant Wi-Fi camera; Arlo Go, an LTE-enabled wire-free camera that provides untethered mobile monitoring; and Arlo Baby, a baby monitor with air quality and temperature sensors, motion and audio detection, and advanced night vision.

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Earnings History and Estimates for Arlo Technologies (NYSE:ARLO)

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