SmartRent (SMRT) to Release Quarterly Earnings on Wednesday

SmartRent (NYSE:SMRT) will 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. Parties that wish to register for the company’s conference call can do so using this link.

SmartRent (NYSE:SMRT) last posted its quarterly earnings data 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). SmartRent had a negative return on equity of 9.97% and a negative net margin of 14.60%. The firm had revenue of $60.25 million for the quarter, compared to analysts’ expectations of $57.88 million. During the same quarter in the previous year, the firm posted ($0.09) earnings per share. The company’s revenue for the quarter was up 48.6% on a year-over-year basis. On average, analysts expect SmartRent to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SmartRent Trading Up 0.4 %

NYSE:SMRT opened at $2.45 on Monday. 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 1-year low of $2.24 and a 1-year high of $4.12. The business’s fifty day moving average price is $2.61 and its 200 day moving average price is $2.85.

Analyst Upgrades and Downgrades

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

About SmartRent

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.