Smith Micro Software Inc expected to post a loss of 31 cents a share - Earnings Preview

Smith Micro Software

04/11/2024 15:37

* Smith Micro Software Inc  SMSI.OQ   SMSI.O  is expected
to show
a fall in quarterly revenue when it reports  results on November
6 (estimated) for the period ending September 30 2024
    * The Pittsburgh Pennsylvania-based  company is expected to
report
a 56.6% decrease in revenue to $4.774 million from $11 million a
year ago, according to the mean estimate from 3 analysts, based
on LSEG data.The company's guidance on August 1 2024, for the
period ended September 30, was for revenue between $4.50 million
and $5.00 million.
    * ​LSEG's mean analyst estimate for Smith Micro Software Inc
is
for a loss of 31 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 $6.50​, above​ its last closing price of $0.81.
​​​

The company's guidance on August 1 2024 for the period ended
September 30 was for gross profit margin between USD70% and
USD73%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  -0.35       -0.35      -0.38     Missed  -8.6
 Mar. 31 2024  -0.24       -0.24      -0.45     Missed  -87.5
 Dec. 31 2023  -0.20       -0.15      -0.16     Missed  -3.5​
 Jan. 1 0001   -0.02       0.03       0.08      Beat    200.3
 ​​Jun.        -0.08       -0.12      -0.08     Beat    31
 30 2023                                                
 Mar. 31 2023  -0.59       -0.62      -0.48     Beat    22.1​
 Dec. 31 2022  -0.66       -0.68      -0.64     Beat    5.9
 Sep. 30 2022  -0.74       -0.73      -0.72     Beat    0.7
 This summary was machine generated November 4 at 15:37 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)