SmartRent Inc expected to post a loss of 5 cents a share - Earnings Preview

SmartRent

04/08/2023 19:39

* SmartRent Inc  SMRT.N   SMRT.K  is expected to show a rise
in
quarterly revenue when it reports  results on August 8. 
    * The Scottsdale Arizona-based  company is expected to
report  a
26.3% increase in revenue to $53.576 million from $42.41 million
a year ago, according to the mean estimate from 5 analysts,
based on Refinitiv data. The company's guidance on May 10 2023,
for the period ended June 30, was for revenue between $50.00
million and $55.00 million.
    * ​Refinitiv's mean analyst estimate for SmartRent Inc is
for a
loss of 5 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
$5​, above​ its last closing price of $3.81. ​​​

The company's guidance on May 10 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between 50 million and -3 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  
 Mar. 31 2023  -0.08       -0.07      -0.07     Met     5.8
 Dec. 31 2023  -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
 ​​Mar.        -0.10       -0.10      -0.12     Missed  -22
 31 2022                                                
 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 August 4 at 18:38 GMT.  All
figures in US dollars  unless otherwise stated