SmartRent Inc reports results for the quarter ended in March - Earnings Summary

• SmartRent Inc SMRT reported a quarterly adjusted loss of 4 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of -7 cents. The mean expectation of six analysts for the quarter was for a loss of one cent per share. Wall Street expected results to range from -2 cents to -1 cents per share.

• Revenue fell 22.4% to $50.49 million from a year ago; analysts expected $51.12 million.

• SmartRent Inc's reported EPS for the quarter was a loss of 4 cents​.

• The company reported a quarterly loss of $7.69 million.

• SmartRent Inc shares had fallen by 8.2% this quarter and lost 22.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 20% 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 6 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• Wall Street's median 12-month price target for SmartRent Inc is $4.00

This summary was machine generated from LSEG data May 8 at 02:12 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)