Wall Street analysts expect Smith Micro Software, Inc. (NASDAQ:SMSI) to report ($0.03) earnings per share (EPS) for the current quarter, Zacks reports. Three analysts made earnings estimates for Smith Micro Software. The lowest EPS estimate is ($0.05) and the highest is ($0.02). Smith Micro Software reported earnings of $0.03 per share in the same quarter last year, suggesting a negative 200% year-over-year growth rate. The company is due to announce its next quarterly results on Monday, March 14.
According to Zacks, analysts expect Smith Micro Software to report annual earnings of $0.03 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $0.02. For the next fiscal year, analysts expect the company to post earnings of ($0.06) per share, with EPS estimates ranging from ($0.11) to ($0.02). Zacks Investment Research’s earnings per share calculations are an average average based on a survey of sell-side research analysts who cover Smith Micro Software.
WSIS has been the subject of several recent research reports. TheStreet downgraded shares of Smith Micro Software from a “c-” rating to a “d+” rating in a Thursday, January 27 research report. Zacks Investment Research upgraded Smith Micro Software’s stock from a “sell” rating to a “hold” rating in a Friday, November 19 research report. One equity research analyst gave the stock a hold rating and four gave the company’s stock a buy rating. According to data from MarketBeat, Smith Micro Software currently has an average rating of “Buy” and an average target price of $9.65.
NASDAQ: SMSI lost $0.03 at midday on Friday, hitting $4.08. The stock had a trading volume of 226,913 shares, compared to an average volume of 314,380. The stock has a market capitalization of $222.63 million, a price-earnings ratio of -8.16 and a beta of 0.69. The company has a 50-day simple moving average of $4.44 and a 200-day simple moving average of $4.96. Smith Micro Software has a 52-week low of $3.75 and a 52-week high of $7.65.
In other news, CEO William W. Smith, Jr. sold 110,000 shares of Smith Micro Software in a trade that took place on Tuesday, December 7. The shares were sold at an average price of $5.33, for a total value of $586,300.00. The sale was disclosed in a legal filing with the SEC, available at this link. 14.42% of the shares are currently held by insiders.
Several institutional investors have recently increased or reduced their stake in SMSI. State Street Corp increased its position in Smith Micro Software by 11.0% in the second quarter. State Street Corp now owns 584,256 shares of the software maker valued at $3,050,000 after buying an additional 57,911 shares last quarter. First Trust Advisors LP increased its position in Smith Micro Software by 24.3% during the second quarter. First Trust Advisors LP now owns 112,108 shares of the software maker valued at $585,000 after buying an additional 21,948 shares last quarter. Cito Capital Group LLC increased its position 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. PEAK6 Investments LLC acquired a new stake in Smith Micro Software in the second quarter worth approximately $90,000. Finally, Victory Capital Management Inc. increased its stake in Smith Micro Software by 112.9% in the third quarter. Victory Capital Management Inc. now owns 31,468 shares of the software maker valued at $152,000 after acquiring 16,688 additional shares in the last quarter. 32.90% of the shares are currently held by institutional investors and hedge funds.
About Smith Micro Software
Smith Micro Software, Inc is committed to providing software solutions. It operates through the wireless segment. The Wireless segment refers to wireless Internet solutions for accessing information and entertainment anytime and anywhere. Its products include SafePath Family, SafePath IoT, SafePath Home, CommSuite VVM, CommSuite VTT and ViewSpot.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Smith Micro Software right now?
Before you consider Smith Micro Software, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Smith Micro Software wasn’t on the list.
Although Smith Micro Software currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here