SmartRent (SMRT) Scheduled to Post Quarterly Earnings on Wednesday

SmartRent (NYSE:SMRT) will be announcing its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

SmartRent (NYSE:SMRT) last released its quarterly earnings data on Tuesday, March 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $60.25 million during the quarter, compared to the consensus estimate of $57.88 million. SmartRent had a negative net margin of 14.60% and a negative return on equity of 9.97%. SmartRent’s quarterly revenue was up 48.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.09) EPS. On average, analysts expect SmartRent to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SmartRent Price Performance

NYSE:SMRT opened at $2.45 on Tuesday. The stock’s 50 day moving average price is $2.60 and its two-hundred day moving average price is $2.85. The firm has a market capitalization of $499.48 million, a price-to-earnings ratio of -13.61 and a beta of 2.00. SmartRent has a 12-month low of $2.24 and a 12-month high of $4.12.

Wall Street Analysts Forecast Growth

SMRT has been the topic of several research analyst reports. BTIG Research initiated coverage on SmartRent in a research note on Friday, January 19th. They issued a “buy” rating and a $4.50 price objective on the stock. Keefe, Bruyette & Woods dropped their price objective on SmartRent from $4.50 to $4.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 6th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of SmartRent in a research note on Friday, January 12th.

SmartRent Company Profile

SmartRent, Inc, an enterprise software company, provides an integrated smart home operating system to residential property owners and operators, homebuilders, institutional home buyers, developers, and residents in the United States. The company’s products and solutions include smart apartments and homes, access control for buildings, common areas, and rental units, asset protection and monitoring, parking management, self-guided tours, and community and resident Wi-Fi.