Smith Micro Software Inc <SMSI.OQ> expected to post a loss of 11 cents a share - Earnings Preview
Smith Micro Software Inc SMSI.OQ SMSI.O is expected to show a fall in quarterly revenue when it reports results on March 6 (estimated) for the period ending December 31 2024
The Pittsburgh Pennsylvania-based company is expected to report a 40.3% decrease in revenue to $5.133 million from $8.59 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.The company's guidance on November 13 2024, for the period ended December 31, was for revenue between $5.00 million and $5.20 million.
LSEG's mean analyst estimate for Smith Micro Software Inc is for a loss of 11 cents per share.
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 mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Smith Micro Software Inc is $5.00, above its last closing price of $1.14.
The company's guidance on November 13 2024 for the period ended December 31 was for gross profit margin between USD72% and USD75%.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Sep. 30 2024 | -0.31 | -0.31 | -0.30 | Beat | 3.2 |
Jun. 30 2024 | -0.35 | -0.35 | -0.38 | Missed | -8.6 |
Mar. 31 2024 | -0.24 | -0.24 | -0.45 | Missed | -87.5 |
Dec. 31 2023 | -0.20 | -0.15 | -0.16 | Missed | -3.5 |
Sep. 30 2023 | -0.02 | 0.03 | 0.08 | Beat | 200.3 |
Jun. 30 2023 | -0.08 | -0.12 | -0.08 | Beat | 31 |
Mar. 31 2023 | -0.59 | -0.62 | -0.48 | Beat | 22.1 |
Dec. 31 2022 | -0.66 | -0.68 | -0.64 | Beat | 5.9 |
This summary was machine generated March 4 at 11:16 GMT. 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)
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