Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries SmartRent (SMRT) Q3 Earnings: What To Expect By: StockStory November 05, 2024 at 02:10 AM EST Smart home company SmartRent (NYSE:SMRT) will be announcing earnings results tomorrow before the bell. Here’s what to look for. SmartRent missed analysts’ revenue expectations by 6% last quarter, reporting revenues of $48.52 million, down 9.1% year on year. It was a softer quarter for the company, with a miss of analysts’ operating margin estimates. Is SmartRent a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting SmartRent’s revenue to decline 20.9% year on year to $45.94 million, a reversal from the 22.3% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.02 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. SmartRent has missed Wall Street’s revenue estimates five times over the last two years. Looking at SmartRent’s peers in the electrical equipment segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Vontier’s revenues decreased 2% year on year, beating analysts’ expectations by 2.8%, and AMETEK reported revenues up 5.3%, in line with consensus estimates. Vontier’s stock price was unchanged after the results, and AMETEK’s price followed a similar reaction. Read our full analysis of Vontier’s results here and AMETEK’s results here. Investors in the electrical equipment segment have had steady hands going into earnings, with share prices flat over the last month. SmartRent is up 4.8% during the same time and is heading into earnings with an average analyst price target of $2.40 (compared to the current share price of $1.73). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link. Stock Quote API & Stock News API supplied by www.cloudquote.io Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
SmartRent (SMRT) Q3 Earnings: What To Expect By: StockStory November 05, 2024 at 02:10 AM EST Smart home company SmartRent (NYSE:SMRT) will be announcing earnings results tomorrow before the bell. Here’s what to look for. SmartRent missed analysts’ revenue expectations by 6% last quarter, reporting revenues of $48.52 million, down 9.1% year on year. It was a softer quarter for the company, with a miss of analysts’ operating margin estimates. Is SmartRent a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting SmartRent’s revenue to decline 20.9% year on year to $45.94 million, a reversal from the 22.3% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.02 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. SmartRent has missed Wall Street’s revenue estimates five times over the last two years. Looking at SmartRent’s peers in the electrical equipment segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Vontier’s revenues decreased 2% year on year, beating analysts’ expectations by 2.8%, and AMETEK reported revenues up 5.3%, in line with consensus estimates. Vontier’s stock price was unchanged after the results, and AMETEK’s price followed a similar reaction. Read our full analysis of Vontier’s results here and AMETEK’s results here. Investors in the electrical equipment segment have had steady hands going into earnings, with share prices flat over the last month. SmartRent is up 4.8% during the same time and is heading into earnings with an average analyst price target of $2.40 (compared to the current share price of $1.73). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.
Smart home company SmartRent (NYSE:SMRT) will be announcing earnings results tomorrow before the bell. Here’s what to look for. SmartRent missed analysts’ revenue expectations by 6% last quarter, reporting revenues of $48.52 million, down 9.1% year on year. It was a softer quarter for the company, with a miss of analysts’ operating margin estimates. Is SmartRent a buy or sell going into earnings? Read our full analysis here, it’s free. This quarter, analysts are expecting SmartRent’s revenue to decline 20.9% year on year to $45.94 million, a reversal from the 22.3% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.02 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. SmartRent has missed Wall Street’s revenue estimates five times over the last two years. Looking at SmartRent’s peers in the electrical equipment segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Vontier’s revenues decreased 2% year on year, beating analysts’ expectations by 2.8%, and AMETEK reported revenues up 5.3%, in line with consensus estimates. Vontier’s stock price was unchanged after the results, and AMETEK’s price followed a similar reaction. Read our full analysis of Vontier’s results here and AMETEK’s results here. Investors in the electrical equipment segment have had steady hands going into earnings, with share prices flat over the last month. SmartRent is up 4.8% during the same time and is heading into earnings with an average analyst price target of $2.40 (compared to the current share price of $1.73). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefitting from the rise of AI, available to you FREE via this link.
