SmartRent (SMRT) Expected to Announce Quarterly Earnings on Wednesday

Key Points

• SmartRent (SMRT) will report Q1 2026 results before the open on May 6, with analysts expecting EPS of ($0.02) and revenue of $36.824 million and an earnings call at 11:30 AM ET.
• The company recently missed the prior quarter (reported ($0.02) EPS vs. ($0.01) expected and $33.78M revenue vs. $36.31M expected), shows negative ROE and net margin, and carries a MarketBeat consensus rating of "Reduce" with a $1.45 price target.
• Director Thomas N. Bohjalian bought 150,000 shares at $1.74 on March 12, increasing his holding by 42.86%; insiders own about 2.30% of the stock.

SmartRent (NYSE:SMRT - Get Free Report) will likely be issuing its Q1 2026 results before the market opens on Wednesday, May 6th. Analysts expect the company to announce earnings of ($0.02) per share and revenue of $36.8240 million for the quarter. Parties may visit the the company's upcoming Q1 2026 earning results page for the latest details on the call scheduled for Wednesday, May 6, 2026 at 11:30 AM ET.

SmartRent (NYSE:SMRT - Get Free Report) last announced its earnings results on Wednesday, March 4th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). The firm had revenue of $33.78 million during the quarter, compared to the consensus estimate of $36.31 million. SmartRent had a negative return on equity of 12.81% and a negative net margin of 39.76%. On average, analysts expect SmartRent to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

SmartRent Stock Performance

Shares of SmartRent stock opened at $1.35 on Wednesday. The company has a market capitalization of $258.59 million, a PE ratio of -4.20 and a beta of 1.76. The company has a 50-day simple moving average of $1.56 and a two-hundred day simple moving average of $1.66. SmartRent has a one year low of $0.72 and a one year high of $2.20.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of SmartRent from a "sell (d-)" rating to a "sell (e+)" rating in a report on Tuesday, April 21st. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $1.45.

Insider Activity at SmartRent

In related news, Director Thomas N. Bohjalian acquired 150,000 shares of the firm's stock in a transaction that occurred on Thursday, March 12th. The stock was purchased at an average cost of $1.74 per share, with a total value of $261,000.00. Following the transaction, the director directly owned 500,000 shares of the company's stock, valued at $870,000. This trade represents a 42.86% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.30% of the stock is owned by insiders.

Hedge Funds Weigh In On SmartRent

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kanen Wealth Management LLC purchased a new position in shares of SmartRent in the 3rd quarter valued at approximately $26,000. Neuberger Berman Group LLC purchased a new position in shares of SmartRent in the 4th quarter valued at approximately $30,000. Jump Financial LLC purchased a new position in shares of SmartRent in the 2nd quarter valued at approximately $42,000. Qube Research & Technologies Ltd purchased a new position in shares of SmartRent in the 2nd quarter valued at approximately $43,000. Finally, Franklin Resources Inc. purchased a new position in shares of SmartRent in the 3rd quarter valued at approximately $43,000. 59.42% of the stock is owned by hedge funds and other institutional investors.

SmartRent Company Profile

SmartRent Inc is a technology company that develops smart home and smart building automation solutions for the residential rental housing industry. Its integrated hardware and software platform enables property managers and owners to remotely monitor, manage and control access, energy use and overall resident experience. The company's product portfolio includes smart locks, thermostats, leak and flood sensors, door and window sensors, security cameras, and a centralized management dashboard that interfaces with leading property management systems.

SmartRent's platform is designed to streamline operations for multifamily communities and single-family rental portfolios by automating routine tasks such as digital resident self-showings, remote lease turnovers, package management and preventative maintenance alerts.

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