Wall Street brokerages expect Smith Micro Software, Inc. (NASDAQ: WSIS – Get a rating) will show earnings of ($0.08) per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts provided earnings estimates for Smith Micro Software. The lowest EPS estimate is ($0.08) and the highest is ($0.07). Smith Micro Software reported earnings per share of $0.02 in the same quarter last year, which would suggest a negative 500% year-over-year growth rate. The company is expected to release its next quarterly results on Monday, January 1.
According to Zacks, analysts expect Smith Micro Software to report annual earnings of ($0.21) per share for the current fiscal year, with EPS estimates ranging from ($0.26) to ($0. .15). For the next fiscal year, analysts expect the company to report earnings of $0.18 per share, with EPS estimates ranging from $0.10 to $0.25. Zacks EPS calculations are an average based on a survey of research companies that cover Smith Micro Software.
Smith Micro Software (NASDAQ: WSIS – Get a rating) last released its quarterly results on Thursday, March 10. The software maker reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. Smith Micro Software had a negative net margin of 53.14% and a negative return on equity of 6.46%. In the same quarter last year, the company earned earnings per share of $0.01.
A number of stock analysts have recently released reports on the stock. StockNews.com supposed coverage of Smith Micro Software shares in a Thursday, March 31 research report. They issued a “sell” rating for the company. TheStreet downgraded shares of Smith Micro Software from a “c-” rating to a “d+” rating in a Thursday, January 27 research report. Dawson James lowered his price target on Smith Micro Software shares from $11.40 to $8.30 and set a “buy” rating for the company in a Friday, March 11 research report. Lake Street Capital cut its target price on Smith Micro Software shares from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, March 11. Finally, B. Riley cut his price target on Smith Micro Software shares from $9.50 to $6.25 in a Friday, March 11 report. One equity research analyst has assigned the stock a sell rating, one has assigned a hold rating and four have assigned the stock a buy rating. Based on data from MarketBeat.com, Smith Micro Software has an average rating of “Buy” and an average target price of $7.39.
WSIS traded at $0.09 on Friday, reaching $3.66. The company had a trading volume of 282,251 shares, compared to an average volume of 621,367. The company has a fifty-day moving average of $3.79. The stock has a market capitalization of $198.85 million, a P/E ratio of -6.31 and a beta of 0.77. Smith Micro Software has a one-year minimum of $2.84 and a one-year maximum of $6.52.
A number of hedge funds and other institutional investors have recently changed their holdings in SMSI. Cito Capital Group LLC increased its stake in Smith Micro Software by 5.5% during the third quarter. Cito Capital Group LLC now owns 58,000 shares of the software maker valued at $281,000 after buying an additional 3,000 shares last quarter. Victory Capital Management Inc. increased its position in shares of Smith Micro Software by 112.9% in the third quarter. Victory Capital Management Inc. now owns 31,468 shares of the software maker worth $152,000 after buying 16,688 more shares last quarter. Citigroup Inc. increased its position in shares of Smith Micro Software by 159.6% in the third quarter. Citigroup Inc. now owns 5,493 shares of the software maker worth $27,000 after buying 3,377 more shares last quarter. ARS Investment Partners LLC purchased a new equity stake in Smith Micro Software in the third quarter worth approximately $433,000. Finally, Dimensional Fund Advisors LP increased its position in Smith Micro Software shares by 23.7% in the third quarter. Dimensional Fund Advisors LP now owns 340,901 shares of the software maker worth $1,650,000 after buying an additional 65,347 shares in the last quarter. 31.73% of the shares are held by institutional investors.
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.
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