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

SmartRent

07/08/2024 14:52

* SmartRent Inc  SMRT.N  reported a quarterly adjusted loss
of 2
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of -5
cents.  The mean expectation of five analysts for the quarter
was for a loss of one cent per share. Wall Street expected
results to range from -2 cents to -1 cents per share.
    * Revenue fell 9.1% to $48.52 million from a year ago;
analysts
expected $51.60 million. 
    * SmartRent Inc's reported EPS for the quarter was a loss
of 2
cents​.
    * The company reported a quarterly loss of $4.61 million.
    * SmartRent Inc shares had fallen by 31.0% this quarter and
lost 48.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"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
$4.00 
This summary was machine generated from LSEG data August 7 at
01:52 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
 Jun. 30 2024      -0.01          -0.02          Missed
 Mar. 31 2024      -0.01          -0.01          Met
 Dec. 31 2023      -0.01          -0.02          Missed
 Sep. 30 2023      -0.04          -0.04          Met