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

SmartRent

06/05/2024 15:31

* SmartRent Inc  SMRT.N   SMRT.K  is expected to show a fall
in
quarterly revenue when it reports  results on May 8 for the
period ending March 31 2024
    * The Scottsdale Arizona-based  company is expected to
report a
21.5% decrease in revenue to $51.117 million from $65.08 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on March 5 2024, for
the period ended March 31, was for revenue between $47.00
million and $53.00 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
$4.00​, above​ its last closing price of $2.45. ​​​

The company's guidance on March 5 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between 47 million and 250 thousand (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  
 Dec. 31 2023  -0.01       -0.01      -0.02     Missed  -50
 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.        -0.11       -0.10      -0.11     Missed  -11.4
 31 2022                                                
 Sep. 30 2022  -0.11       -0.11      -0.13     Missed  -16.9​
 Jun. 30 2022  -0.10       -0.11      -0.13     Missed  -23
 Mar. 31 2022  -0.10       -0.10      -0.12     Missed  -22
 This summary was machine generated May 6 at 14:31 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)