Smart home company SmartRent (NYSE:SMRT) will be announcing earnings results tomorrow before the bell. Here’s what to expect.
SmartRent missed analysts’ revenue expectations by 18.2% last quarter, reporting revenues of $40.51 million, down 30.3% year on year. It was a softer quarter for the company, with a significant miss of analysts’ adjusted operating income 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 34.6% year on year to $39.39 million, a reversal from the 48.6% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.03 per share.
Analysts covering the company have generally 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 six times over the last two years.
Looking at SmartRent’s peers in the internet of things segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Rockwell Automation’s revenues decreased 8.3% year on year, missing analysts’ expectations by 0.6%, and Trimble reported revenues up 5.5%, topping estimates by 4.2%. Rockwell Automation traded up 13.3% following the results while Trimble was down 2.6%.
Read our full analysis of Rockwell Automation’s results here and Trimble’s results here.
When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。