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

Smith Micro Software

08/11/2022 03:06

* Smith Micro Software Inc  SMSI.OQ   SMSI.O  is expected
to show
a fall in quarterly revenue when it reports  results on November
9. 
    * The Pittsburgh Pennsylvania-based  company is expected to
report
 a 28.8% decrease in revenue to $11.707 million from $16.44
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. The company's guidance on
August 11 2022, for the period ended September 30, was for
revenue between $11.41 million and $12.04 million.
    * ​Refinitiv's mean analyst estimate for Smith Micro
Software Inc
is for a loss of 9 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 $5.5​, above​ its last closing price of $2.26.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 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. 31 2021  -0.03       -0.03      -0.04     Missed  -20​
 Sep. 30 2021  0.00        0.00       0.00      Met     
 ​​Jun.        0.00        -0.01      -0.01     Met     -33.3
 30 2021                                                
 Mar. 31 2021  0.00        0.01       0.02      Beat    166.7​
 Dec. 31 2020              0.03       0.03      Met     -10
 Sep. 30 2020  0.04        0.04       0.04      Met     0
 This summary was machine generated November 8 at 03:05 GMT.  All
figures in US dollars  unless otherwise stated