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

Smith Micro Software

09/05/2024 13:43

* Smith Micro Software Inc  SMSI.OQ  reported a quarterly
adjusted
loss of 45 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -48 cents.  The mean expectation of
three analysts for the quarter was for a loss of 24 cents per
share. 
    * Revenue fell 47% to $5.80 million from a year ago;
analysts
expected $5.74 million. 
    * The company reported a quarterly loss of $31.01 million.
    * Smith Micro Software Inc shares had fallen by 11.1% this
quarter and lost 62.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 30.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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." 
    * Wall Street's median 12-month price target for Smith Micro
Software Inc is $20.00 

This summary was machine generated from LSEG data May 9 at 12:42
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
 Mar. 31 2024      -0.24          -0.45          Missed
 Dec. 31 2023      -0.15          -0.16          Missed
 Sep. 30 2023      0.03           0.08           Beat
 Jun. 30 2023      -0.12          -0.08          Beat