SmartRent Inc expected to post a loss of 4 cents a share - Earnings Preview

SmartRent

03/11/2023 15:24

* SmartRent Inc  SMRT.N   SMRT.K  is expected to show a rise
in
quarterly revenue when it reports  results on November 7. 
    * The Scottsdale Arizona-based  company is expected to
report  a
24.9% increase in revenue to $59.343 million from $47.5 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data. The company's guidance on August 8 2023, for
the period ended September 30, was for revenue between $57.00
million and $62.00 million.
    * ​Refinitiv's mean analyst estimate for SmartRent Inc is
for a
loss of 4 cents 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
$4.75​, above​ its last closing price of $2.50. ​​​

The company's guidance on August 8 2023 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between 57 million and -4.5
million (USD).
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 30 2022  -0.11       -0.11      -0.13     Missed  -16.9
 ​​Jun.        -0.10       -0.11      -0.13     Missed  -23
 30 2022                                                
 Mar. 31 2022  -0.10       -0.10      -0.12     Missed  -22​
 Dec. 31 2021  -0.09       -0.09      -0.13     Missed  -41.8
 Sep. 30 2021  -0.11       -0.11      -0.25     Missed  -127.3
 This summary was machine generated November 3 at 15:24 GMT.  All
figures in US dollars  unless otherwise stated