SmartRent (SMRT) to Release Earnings on Wednesday

SmartRent (NYSE:SMRT - Get Free Report) is expected to be posting its Q1 2025 quarterly earnings results before the market opens on Wednesday, May 7th. Analysts expect the company to announce earnings of ($0.02) per share and revenue of $40.10 million for the quarter.

SmartRent (NYSE:SMRT - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.04). SmartRent had a negative net margin of 12.77% and a negative return on equity of 6.08%. The firm had revenue of $35.37 million during the quarter, compared to the consensus estimate of $37.78 million. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. The business's revenue was down 41.3% compared to the same quarter last year. 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

NYSE SMRT opened at $0.89 on Wednesday. The company has a market cap of $171.74 million, a PE ratio of -6.84 and a beta of 1.83. The firm's 50 day moving average price is $1.08 and its 200-day moving average price is $1.44. SmartRent has a 52-week low of $0.67 and a 52-week high of $2.98.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SMRT. Keefe, Bruyette & Woods lowered their price target on shares of SmartRent from $2.00 to $1.60 and set a "market perform" rating on the stock in a report on Thursday, March 6th. Cantor Fitzgerald upgraded SmartRent to a "hold" rating in a research note on Tuesday, April 22nd. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, SmartRent has an average rating of "Hold" and an average price target of $2.40.

Insiders Place Their Bets

In other news, Director John C. Dorman bought 125,000 shares of SmartRent stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $1.20 per share, with a total value of $150,000.00. Following the completion of the acquisition, the director now directly owns 229,965 shares in the company, valued at $275,958. The trade was a 119.09 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Shane Paladin bought 43,859 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $1.14 per share, with a total value of $49,999.26. Following the purchase, the chief executive officer now owns 43,859 shares of the company's stock, valued at approximately $49,999.26. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 9.00% of the stock is owned by insiders.

SmartRent Company Profile

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.

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