SmartRent Inc expected to post a loss of 1 cent a share - Earnings Preview

SmartRent

01/03/2024 13:54

* SmartRent Inc  SMRT.N   SMRT.K  is expected to show a rise
in
quarterly revenue when it reports  results on March 5 for the
period ending December 31 2023
    * The Scottsdale Arizona-based  company is expected to
report a
46.7% increase in revenue to $59.495 million from $40.55 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on November 15 2023,
for the period ended December 31, was for revenue between $58.00
million and $63.00 million.
    * ​LSEG's mean analyst estimate for SmartRent Inc is for a
loss
of 1 cent per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for SmartRent
Inc is
$4.50​, above​ its last closing price of $2.90. ​​​

The company's guidance on November 15 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 58 million and 2
million (USD).
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.04       -0.04      -0.04     Met     11.1
 Jun. 30 2023  -0.05       -0.05      -0.05     Met     3.2
 Mar. 31 2023  -0.08       -0.07      -0.07     Met     5.8​
 Dec. 31 2022  -0.11       -0.10      -0.11     Missed  -11.4
 ​​Sep.        -0.11       -0.11      -0.13     Missed  -16.9
 30 2022                                                
 Jun. 30 2022  -0.10       -0.11      -0.13     Missed  -23​
 Mar. 31 2022  -0.10       -0.10      -0.12     Missed  -22
 Dec. 31 2021  -0.09       -0.09      -0.13     Missed  -41.8
 This summary was machine generated March 1 at 13:54 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)