Smith Micro Software Inc reports results for the quarter ended September 30 - Earnings Summary

Smith Micro Software

14/11/2024 04:02

* Smith Micro Software Inc  SMSI.OQ  reported a quarterly
adjusted
loss of 30 cents​​ per share for the quarter ended September 30,
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 31 cents per share. 
    * Revenue fell 57.7% to $4.65 million from a year ago;
analysts
expected $4.77 million. 
    * Smith Micro Software Inc's reported EPS for the quarter
was a
loss of 54 cents​.
    * The company reported a quarterly loss of $6.37 million.
    * Smith Micro Software Inc shares had fallen by 12.0% this
quarter and lost 86.4% so far this year.

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 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 $6.50 
This summary was machine generated from LSEG data November 14 at
04:01 a.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
 Sep. 30 2024      -0.31          -0.30          Beat
 Jun. 30 2024      -0.35          -0.38          Missed
 Mar. 31 2024      -0.24          -0.45          Missed
 Dec. 31 2023      -0.15          -0.16          Missed