Smith Micro Software Inc SMSI.OQ SMSI.O is expected to show a fall in quarterly revenue when it reports results on November 13 for the period ending September 30 2024
The Pittsburgh Pennsylvania-based company is expected to report a 56.6% decrease in revenue to $4.774 million from $11 million a year ago, according to the mean estimate from 3 analysts, based on LSEG data.The company's guidance on August 1 2024, for the period ended September 30, was for revenue between $4.50 million and $5.00 million.
LSEG's mean analyst estimate for Smith Micro Software Inc is for a loss of 31 cents per share.
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Smith Micro Software Inc is $6.50, above its last closing price of $0.89.
The company's guidance on August 1 2024 for the period ended September 30 was for gross profit margin between USD70% and USD73%.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Jun. 30 2024 | -0.35 | -0.35 | -0.38 | Missed | -8.6 |
Mar. 31 2024 | -0.24 | -0.24 | -0.45 | Missed | -87.5 |
Dec. 31 2023 | -0.20 | -0.15 | -0.16 | Missed | -3.5 |
Sep. 30 2023 | -0.02 | 0.03 | 0.08 | Beat | 200.3 |
Jun. 30 2023 | -0.08 | -0.12 | -0.08 | Beat | 31 |
Mar. 31 2023 | -0.59 | -0.62 | -0.48 | Beat | 22.1 |
Dec. 31 2022 | -0.66 | -0.68 | -0.64 | Beat | 5.9 |
Sep. 30 2022 | -0.74 | -0.73 | -0.72 | Beat | 0.7 |
This summary was machine generated November 12 at 03:46 GMT. 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)
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