SmartRent Inc reports results for the quarter ended in December - Earnings Summary

SmartRent

05/03/2024 23:56

* SmartRent Inc  SMRT.N  reported a quarterly adjusted loss
of 2
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -11
cents.  The mean expectation of six analysts for the quarter was
for a loss of one cent per share. Wall Street expected
results to range from -3 cents tozero cents per share.
    * Revenue rose 48.6% to $60.25 million from a year ago;
analysts
expected $59.50 million. 
    * SmartRent Inc's reported EPS for the quarter was a loss
of 2
cents​.
    * The company reported a quarterly loss of $3.3 million.
    * SmartRent Inc shares had fallen by 9.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the integrated
hardware
& software peer group is also "buy"

Wall Street's median 12-month price target for SmartRent Inc is
$4.50 
This summary was machine generated from LSEG data March 5 at
11:55 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.01          -0.02          Missed
 Sep. 30 2023      -0.04          -0.04          Met
 Jun. 30 2023      -0.05          -0.05          Met
 Mar. 31 2023      -0.07          -0.07          Met