SmartRent Inc reports results for the quarter ended June 30 - Earnings Summary

• SmartRent Inc SMRT.N reported a quarterly adjusted loss of 6 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of two analysts for the quarter was for a loss of 5 cents per share. Wall Street expected results to range from -7 cents to -4 cents per share.

• Revenue fell 21% to $38.31 million from a year ago; analysts expected $38.85 million.

• SmartRent Inc's reported EPS for the quarter was a loss of 6 cents​.

• The company reported a quarterly loss of $10.86 million.

• SmartRent Inc shares had fallen by 0.4% this quarter and lost 43.7% 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 "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the integrated hardware & software peer group is "buy."

• Wall Street's median 12-month price target for SmartRent Inc is $1.60, about 38.4% above its last closing price of $0.99

This summary was machine generated from LSEG data August 6 at 02:18 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)