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

Smith Micro Software

01/08/2024 23:40

* Smith Micro Software Inc  SMSI.OQ  reported a quarterly
adjusted
loss of 38 cents​​ per share for the quarter ended in January,
lower than the same quarter last year, when the company reported
EPS of -8 cents.  The mean expectation of three analysts for the
quarter was for a loss of 35 cents per share. 
    * Revenue fell 50.3% to $5.14 million from a year ago;
analysts
expected $5.30 million. 
    * Smith Micro Software Inc's reported EPS for the quarter
was a
loss of 66 cents​.
    * The company reported a quarterly loss of $6.93 million.
    * Smith Micro Software Inc shares had risen by 10.9% this
quarter and lost 62.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
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 3 "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 $12.00 
This summary was machine generated from LSEG data August 1 at
10:40 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
 Jan. 1 0001       -0.35          -0.38          Missed
 Mar. 31 2024      -0.24          -0.45          Missed
 Dec. 31 2023      -0.15          -0.16          Missed
 Sep. 30 2023      0.03           0.08           Beat