Smith Micro Software Inc expected to post a loss of 8 cents a share - Earnings Preview

Smith Micro Software

10/05/2023 03:02

* Smith Micro Software Inc  SMSI.OQ   SMSI.O  is expected
to show
a fall in quarterly revenue when it reports  results on May 11. 
    * The Pittsburgh Pennsylvania-based  company is expected to
report
 a 13.8% decrease in revenue to $10.977 million from $12.74
million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data. The company's guidance on
March 9 2023, for the period ended March 31, was for revenue
between $10.83 million and $11.18 million.
    * ​Refinitiv's mean analyst estimate for Smith Micro
Software Inc
is for a loss of 8 cents 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 $1.34.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  -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. 31 2022  -0.08       -0.08      -0.08     Met     -4.3
 ​​Dec.        -0.03       -0.03      -0.04     Missed  -20
 31 2021                                                
 Sep. 30 2021  0.00        0.00       0.00      Met     ​
 Jun. 30 2021  0.00        -0.01      -0.01     Met     -33.3
 Mar. 31 2021  0.00        0.01       0.02      Beat    166.7
 This summary was machine generated May 10 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated