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

SmartRent

08/05/2024 15:13

* SmartRent Inc  SMRT.N  reported a quarterly adjusted loss
of 4
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of -7
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 -2 cents to -1 cents per share.
    * Revenue fell 22.4% to $50.49 million from a year ago;
analysts
expected $51.12 million. 
    * SmartRent Inc's reported EPS for the quarter was a loss
of 4
cents​.
    * The company reported a quarterly loss of $7.69 million.
    * SmartRent Inc shares had fallen by 8.2% this quarter and
lost 22.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20%
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." 
    * Wall Street's median 12-month price target for SmartRent
Inc is
$4.00 

This summary was machine generated from LSEG data May 8 at 02:12
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
 Mar. 31 2024      -0.01          -0.04          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