SmartRent (SMRT) Scheduled to Post Quarterly Earnings on Wednesday

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

SmartRent (NYSE:SMRT) last released its earnings results on Tuesday, March 5th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The firm had revenue of $60.25 million during the quarter, compared to analyst estimates of $57.88 million. SmartRent had a negative return on equity of 9.97% and a negative net margin of 14.60%. The business’s revenue for the quarter was up 48.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.09) earnings per share. 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

SMRT opened at $2.45 on Tuesday. The company 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 1-year low of $2.24 and a 1-year high of $4.12. The business has a 50 day moving average price of $2.60 and a two-hundred day moving average price of $2.85.

Analyst Ratings Changes

SMRT has been the subject of a number of research analyst reports. Cantor Fitzgerald restated an “overweight” rating on shares of SmartRent in a research report on Friday, January 12th. Keefe, Bruyette & Woods decreased their target price on SmartRent from $4.50 to $4.00 and set an “outperform” rating on the stock in a report on Wednesday, March 6th. Finally, BTIG Research assumed coverage on SmartRent in a report on Friday, January 19th. They set a “buy” rating and a $4.50 target price for the company.

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.