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

SmartRent

08/08/2023 15:10

* SmartRent Inc  SMRT.N  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended in June. The mean
expectation of seven analysts for the quarter was for a loss
of 5 cents per share.
    * Revenue rose 25.9% to $53.40 million from a year ago;
analysts
expected $53.58 million. 
    * SmartRent Inc's reported EPS for the quarter was a loss
of 5
cents​.
    * The mean earnings estimate of analysts had risen by
about 17.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * SmartRent Inc shares had fallen by 0.8% this quarter and
gained 56.4% so far this year.
    * The company reported a quarterly loss of $10.35 million.
    * Wall Street's median 12-month price target for SmartRent
Inc is
$5.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 02:10 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.05          -0.05          Met
 Mar. 31 2023      -0.07          -0.07          Met
 Dec. 31 2022      -0.10          -0.11          Missed
 Sep. 30 2022      -0.11          -0.13          Missed