Smith Micro Software Inc expected to post a loss of 24 cents a share - Earnings Preview

Smith Micro Software

07/05/2024 03:28

* Smith Micro Software Inc  SMSI.OQ   SMSI.O  is expected
to show
a fall in quarterly revenue when it reports  results on May 8
for the period ending March 31 2024
    * The Pittsburgh Pennsylvania-based  company is expected to
report
a 47.5% decrease in revenue to $5.736 million from $10.93
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.The company's guidance on February
22 2024, for the period ended March 31, was for revenue between
$2.70 million and $3.10 million.
    * ​LSEG's mean analyst estimate for Smith Micro Software Inc
is
for a loss of 24 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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 $20.00​, above​ its last closing price of $2.56.
​​​

The company's guidance on February 22 2024 for the period ended
March 31 was for gross profit margin between USD64% and USD68%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.20       -0.15      -0.16     Missed  -3.5
 Sep. 30 2023  -0.02       0.03       0.08      Beat    200.3
 Jun. 30 2023  -0.08       -0.12      -0.08     Beat    31​
 Mar. 31 2023  -0.59       -0.62      -0.48     Beat    22.1
 ​​Dec.        -0.66       -0.68      -0.64     Beat    5.9
 31 2022                                                
 Sep. 30 2022  -0.74       -0.73      -0.72     Beat    0.7​
 Jan. 1 0001   -0.69       -0.68      -0.72     Missed  -5.5
 Mar. 31 2022  -0.62       -0.61      -0.64     Missed  -4.3
 This summary was machine generated May 7 at 02:28 GMT.  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)