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

Smith Micro Software

10/08/2023 01:02

* Smith Micro Software Inc  SMSI.OQ  reported a quarterly
adjusted
loss of 1 cent​​ per share for the quarter ended in June. The
mean expectation of three analysts for the quarter was for a
loss of one cent per share.
    * Revenue fell 18.4% to $10.34 million from a year ago;
analysts
expected $10.66 million. 
    * Smith Micro Software Inc's reported EPS for the quarter
was a
loss of 9 cents​.
    * The mean earnings estimate of analysts had risen by
about 23.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Smith Micro Software Inc shares had risen by 4.5% this
quarter and lost 44.8% so far this year.
    * The company reported a quarterly loss of $5.67 million.
    * Wall Street's median 12-month price target for Smith Micro
Software Inc is $3.75 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 12:02 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.01          -0.01          Met
 Mar. 31 2023      -0.08          -0.06          Beat
 Dec. 31 2022      -0.08          -0.08          Met
 Sep. 30 2022      -0.09          -0.09          Met