Smith Micro Software Inc reports results for the quarter ended in December - Earnings Summary

Smith Micro Software

23/02/2024 15:13

* Smith Micro Software Inc  SMSI.OQ  reported a quarterly
adjusted
loss of 2 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of -8 cents.  The mean expectation of four analysts
for the quarter was for a loss of 2 cents per share. Wall Street
expected results to range from -3 cents to -1 cents per share.
    * Revenue fell 24.7% to $8.59 million from a year ago;
analysts
expected $8.84 million. 
    * Smith Micro Software Inc's reported EPS for the quarter
was a
loss of 9 cents​.
    * The company reported a quarterly loss of $6.71 million.
    * Smith Micro Software Inc shares had fallen by 1.0% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Smith Micro
Software Inc is $3.25 
This summary was machine generated from LSEG data February 23 at
03:12 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.02          -0.02          Met
 Sep. 30 2023      0.00           0.01           Beat
 Jun. 30 2023      -0.01          -0.01          Met
 Mar. 31 2023      -0.08          -0.06          Beat