SmartRent Inc expected to post a loss of 2 cents a share - Earnings Preview

SmartRent

05/08/2024 15:40

* SmartRent Inc  SMRT.N   SMRT.K  is expected to show a fall
in
quarterly revenue when it reports  results on August 7 for the
period ending June 30 2024
    * The Scottsdale Arizona-based  company is expected to
report a
2.1% decrease in revenue to $52.3 million from $53.4 million a
year ago, according to the mean estimate from 5 analysts, based
on LSEG data.The company's guidance on July 30 2024, for the
period ended June 30, was for revenue of $48.500 million.
    * ​LSEG's mean analyst estimate for SmartRent Inc is for a
loss
of 2 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"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 $1.71. ​​​

The company's guidance on July 30 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of of USD900 thousand.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  -0.01       -0.01      -0.01     Met     16.7
 Dec. 31 2024  -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.        -0.08       -0.07      -0.07     Met     5.8
 31 2023                                                
 Dec. 31 2022  -0.11       -0.10      -0.11     Missed  -11.4​
 Sep. 30 2022  -0.11       -0.11      -0.13     Missed  -16.9
 Jun. 30 2022  -0.10       -0.11      -0.13     Missed  -23
 This summary was machine generated August 5 at 14:40 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)