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

SmartRent

04/11/2024 15:47

* SmartRent Inc  SMRT.N   SMRT.K  is expected to show a fall
in
quarterly revenue when it reports  results on November 6 for the
period ending September 30 2024
    * The Scottsdale Arizona-based  company is expected to
report a
20.9% decrease in revenue to $45.94 million from $58.1 million a
year ago, according to the mean estimate from 4 analysts, based
on LSEG data.
    * ​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 "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"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
2.00​, above​ its last closing price of $1.71. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.01       -0.01      -0.02     Missed  -42.9
 Mar. 31 2024  -0.01       -0.01      -0.01     Met     16.7
 Dec. 31 2023  -0.01       -0.01      -0.02     Missed  -50​
 Sep. 30 2023  -0.04       -0.04      -0.04     Met     11.1
 ​​Jun.        -0.05       -0.05      -0.05     Met     3.2
 30 2023                                                
 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. 30 2022  -0.11       -0.11      -0.13     Missed  -16.9
 This summary was machine generated November 4 at 15:46 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)