SmartRent Inc expected to post a loss of 7 cents a share - Earnings Preview

SmartRent

09/05/2023 03:04

* SmartRent Inc  SMRT.N   SMRT.K  is expected to show a rise
in
quarterly revenue when it reports  results on May 10. 
    * The Scottsdale Arizona-based  company is expected to
report  a
50.3% increase in revenue to $56.136 million from $37.36 million
a year ago, according to the mean estimate from 6 analysts,
based on Refinitiv data. The company's guidance on March 8 2023,
for the period ended March 31, was for revenue between $55.00
million and $58.00 million.
    * ​Refinitiv's mean analyst estimate for SmartRent Inc is
for a
loss of 7 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "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
$4.88​, above​ its last closing price of $2.68. ​​​

The company's guidance on March 8 2023 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between 55 million and -8 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  
 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​
 Mar. 31 2022  -0.10       -0.10      -0.12     Missed  -22
 ​​Dec.        -0.09       -0.09      -0.13     Missed  -41.8
 31 2021                                                
 Sep. 30 2021  -0.11       -0.11      -0.25     Missed  -127.3
                                                        ​
 This summary was machine generated May 9 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated