SmartRent (SMRT) Scheduled to Post Earnings on Wednesday

SmartRent (NYSE:SMRT) is set to release its earnings data before the market opens on Wednesday, May 8th. Analysts expect SmartRent to post earnings of ($0.02) per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

SmartRent (NYSE:SMRT) last issued its quarterly earnings results on Tuesday, March 5th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $60.25 million during the quarter, compared to analysts’ expectations of $57.88 million. SmartRent had a negative return on equity of 9.97% and a negative net margin of 14.60%. SmartRent’s revenue for the quarter was up 48.6% on a year-over-year basis. During the same period in the previous 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 Stock Down 2.3 %

Shares of SMRT stock opened at $2.35 on Wednesday. The stock has a market cap of $478.08 million, a price-to-earnings ratio of -13.03 and a beta of 2.00. The business’s fifty day moving average is $2.64 and its 200 day moving average is $2.86. SmartRent has a twelve month low of $2.24 and a twelve month high of $4.12.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SMRT. Keefe, Bruyette & Woods reduced their price target on SmartRent from $4.50 to $4.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 6th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of SmartRent in a research note on Friday, January 12th. Finally, BTIG Research started coverage on SmartRent in a research note on Friday, January 19th. They issued a “buy” rating and a $4.50 target price on the stock.

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.