Smith Micro Software Inc expected to post a loss of 9  cents a share - Earnings Preview

Smith Micro Software

30/07/2022 03:03

* Smith Micro Software Inc  SMSI.OQ   SMSI.O  is expected
to show
a fall in quarterly revenue when it reports  results on August 2
(estimated). 
    * The Pittsburgh Pennsylvania-based  company is expected to
report
 a 22.4% decrease in revenue to $12.35 million from $15.92
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Smith Micro
Software Inc
is for a loss of 9 cents per share. For the same quarter last
year, the company reported 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 $6.63​, above​ its last closing price of $2.69.
​​​
    * 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 2022  -0.08       -0.08      -0.08     Met     -4.3
 Dec. 31 2022  -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
 ​​Mar.        0.00        0.01       0.02      Beat    166.7
 31 2021                                                
 Dec. 31 2020              0.03       0.03      Met     -10​
 Sep. 30 2020  0.04        0.04       0.04      Met     0
 Jun. 30 2020  0.05        0.05       0.07      Beat    40
 This summary was machine generated July 30 at 02:02 GMT.  All
figures in US dollars  unless otherwise stated