Smith Micro Software Inc expected to post a loss of 1 cent a share - Earnings Preview

Smith Micro Software

08/08/2023 03:04

* Smith Micro Software Inc  SMSI.OQ   SMSI.O  is expected
to show
a fall in quarterly revenue when it reports  results on August
9. 
    * The Pittsburgh Pennsylvania-based  company is expected to
report
 a 15.9% decrease in revenue to $10.656 million from $12.67
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. The company's guidance on May
11 2023, for the period ended June 30, was for revenue between
$10.49 million and $10.93 million.
    * ​Refinitiv's mean analyst estimate for Smith Micro
Software Inc
is for a loss of 1 cent per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Smith Micro
Software Inc is $3.75​, above​ its last closing price of $1.16.
​​​

The company's guidance on May 11 2023 for the period ended June
30 was for gross profit margin between USD73.3% and USD74.3%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.07       -0.08      -0.06     Beat    22.1
 Dec. 31 2023  -0.08       -0.08      -0.08     Met     5.9
 Sep. 30 2022  -0.09       -0.09      -0.09     Met     0.7​
 Jun. 30 2022  -0.09       -0.09      -0.09     Met     -5.5
 ​​Mar.        -0.08       -0.08      -0.08     Met     -4.3
 31 2022                                                
 Dec. 31 2021  -0.03       -0.03      -0.04     Missed  -20​
 Sep. 30 2021  0.00        0.00       0.00      Met     
 Jun. 30 2021  0.00        -0.01      -0.01     Met     -33.3
 This summary was machine generated August 8 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated