Analysts expect Smith Micro Software, Inc. (NASDAQ:SMSI) to report EPS of -$0.09


Wall Street analysts expect Smith Micro Software, Inc. (NASDAQ: WSISGet a rating) to report ($0.09) earnings per share for the current fiscal quarter, based on Zacks Investment Research. Three analysts provided earnings estimates for Smith Micro Software. The highest EPS estimate is ($0.08) and the lowest is ($0.09). Smith Micro Software reported earnings per share of ($0.01) in the same quarter last year, indicating a negative 800% year-over-year growth rate. The company is expected to release its next quarterly earnings report on Monday, January 1.

On average, analysts expect Smith Micro Software to report annual earnings of ($0.26) per share for the current fiscal year, with EPS estimates ranging from ($0.30) to ($0.00). $.24). For the next fiscal year, analysts expect the company to post earnings of $0.15 per share, with EPS estimates ranging from $0.09 to $0.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts who cover Smith Micro Software.

Smith Micro software (NASDAQ: WSISGet a rating) last released its quarterly earnings data on Wednesday, May 4. The software maker reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.11) by $0.01. The company posted revenue of $12.74 million in the quarter, compared to $12.38 million expected by analysts. Smith Micro Software had a negative net margin of 58.25% and a negative return on equity of 11.61%.

Several brokerages have recently commented on SMSI. Lake Street Capital cut its price target on Smith Micro Software shares from $9.00 to $6.00 and set a “buy” rating on the stock in a Friday, March 11 research note. Zacks Investment Research downgraded shares of Smith Micro Software from a “buy” rating to a “hold” rating in a Tuesday, May 17 research note. B. Riley cut his price target on Smith Micro Software shares from $9.50 to $6.25 in a Friday, March 11 research note. Dawson James cut his price target on Smith Micro Software shares from $11.40 to $8.30 and set a “buy” rating on the stock in a Friday, March 11 research note. To finish, StockNews.com began covering Smith Micro Software stocks in a research note on Thursday, March 31. They put a “sell” mark on the stock. One analyst has assigned the stock a sell rating, one has assigned a hold rating and two have assigned the company’s stock a buy rating. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $5.89.

Shares of Smith Micro Software Stock traded down $0.03 during Friday’s trading, hitting $2.65. 162,441 shares were traded, against an average volume of 364,489. The stock has a market capitalization of $146.17 million, a price-earnings ratio of -4.14 and a beta of 0.90. The company’s 50-day moving average price is $3.10 and its 200-day moving average price is $3.97. Smith Micro Software has a 12 month minimum of $2.40 and a 12 month maximum of $6.52.

A number of hedge funds and other institutional investors have recently bought and sold shares of SMSI. Citigroup Inc. increased its stake in shares of Smith Micro Software by 159.6% during the third quarter. Citigroup Inc. now owns 5,493 shares of the software maker worth $27,000 after acquiring 3,377 additional shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Smith Micro Software by 23.7% during the third quarter. Dimensional Fund Advisors LP now owns 340,901 shares of the software maker worth $1,650,000 after acquiring an additional 65,347 shares during the period. Cetera Advisors LLC acquired a new position in shares of Smith Micro Software during the third quarter worth approximately $54,000. Geode Capital Management LLC increased its stake in shares of Smith Micro Software by 1.9% during the third quarter. Geode Capital Management LLC now owns 836,200 shares of the software maker worth $4,047,000 after acquiring 15,615 additional shares during the period. Finally, BlackRock Inc. increased its stake in shares of Smith Micro Software by 1.7% during the third quarter. BlackRock Inc. now owns 2,733,372 shares of the software maker worth $13,231,000 after acquiring an additional 45,594 shares during the period. Institutional investors hold 29.17% of the company’s shares.

About Smith Micro Software (Get a rating)

Smith Micro Software, Inc. develops and sells software to enhance the mobile experience to wireless and cable service providers worldwide. It offers the SafePath Family, SafePath IoT and SafePath Home product suite, which provides tools to protect digital lifestyles and manage connected devices inside and outside the home; and CommSuite, a messaging platform that helps mobile service providers deliver a next-generation voicemail experience to mobile subscribers, as well as enabling multilingual Voice-to-Text transcription messaging.

Further reading

Get a Free Copy of Zacks Research Report on Smith Micro Software (SMSI)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com



Get news and reviews for Smith Micro Software Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Smith Micro Software and related companies with MarketBeat.com’s FREE daily newsletter.