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

SmartRent

10/11/2022 22:02

* SmartRent Inc  SMRT.N  reported a quarterly adjusted loss
of 13
cents​​ per share for the quarter ended in September. The mean
expectation of eight analysts for the quarter was for a loss
of 11 cents per share.
    * Revenue rose 35.2% to $47.50 million from a year ago;
analysts
expected $43.75 million. 
    * SmartRent Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The mean earnings estimate of analysts had fallen by
about 25.6%
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 risen by 5.7% this quarter and
lost 75.2% so far this year.
    * The company reported a quarterly loss of $25.95 million.
    * Wall Street's median 12-month price target for SmartRent
Inc is
$5.75 
    * 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." 

This summary was machine generated from Refinitiv data November
10 at 10:02 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      -0.11          -0.13          Missed
 Jun. 30 2022      -0.11          -0.13          Missed
 Mar. 31 2022      -0.10          -0.12          Missed
 Dec. 31 2021      -0.09          -0.13          Missed