Analysts Expect Smith Micro Software, Inc. (NASDAQ:SMSI) to Post EPS of -$0.05
Wall Street analysts predict that Smith Micro Software, Inc. (NASDAQ: WSIS – Get a rating) will report earnings per share of ($0.05) for the current quarter, according to Zacks Investment Research. Three analysts provided earnings estimates for Smith Micro Software. Smith Micro Software reported earnings per share of $0.02 in the same quarter last year, suggesting a negative 350% year-over-year growth rate. The company is due to release its next earnings report on Wednesday, May 4.
According to Zacks, analysts expect Smith Micro Software to report annual earnings of ($0.09) per share for the current fiscal year, with EPS estimates ranging from ($0.11) to ($0.09) per share. $.06). For the next fiscal year, analysts expect the company to post earnings of $0.28 per share, with EPS estimates ranging from $0.27 to $0.29. Zacks EPS calculations are an average based on a survey of research analysts who follow Smith Micro Software.
Smith Micro Software (NASDAQ: WSIS – Get a rating) last released its quarterly earnings data on Thursday, March 10. The software maker reported ($0.04) EPS for the quarter, beating the Zacks consensus estimate of ($0.05) by $0.01. Smith Micro Software had a negative return on equity of 2.92% and a negative net margin of 47.11%. During the same period last year, the company achieved EPS of $0.01.
A number of equity analysts have recently commented on WSIS shares. Dawson James cut his price target on Smith Micro Software from $11.40 to $8.30 and set a “buy” rating on the stock in a research note on Friday. Lake Street Capital cut its price target on Smith Micro Software from $9.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday. B. Riley cut his price target on Smith Micro Software from $9.50 to $6.25 in a Friday research note. TheStreet downgraded Smith Micro Software from a “c-” rating to a “d+” rating in a Thursday, January 27 research note. Ultimately, Zacks Investment Research upgraded Smith Micro Software from a “sell” to a “hold” rating in a Friday, November 19 research note. One analyst gave the stock a hold rating and four gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $7.39.
Smith Micro Software stock opened Friday at $3.27. The stock’s 50-day moving average is $4.12 and its 200-day moving average is $4.83. The company has a market capitalization of $178.43 million, a P/E ratio of -6.54 and a beta of 0.83. Smith Micro Software has a one-year minimum of $3.20 and a one-year maximum of $6.90.
A number of institutional investors and hedge funds have recently changed their holdings in the company. 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 valued at $27,000 after acquiring 3,377 additional shares last quarter. Royal Bank of Canada increased its holding in shares of Smith Micro Software by 76.5% during the third quarter. Royal Bank of Canada now owns 6,161 shares of the software maker valued at $30,000 after acquiring 2,671 additional shares last quarter. Squarepoint Ops LLC purchased a new stake in shares of Smith Micro Software during the third quarter worth approximately $50,000. ProShare Advisors LLC purchased a new stake in shares of Smith Micro Software during the fourth quarter valued at approximately $50,000. Finally, Cetera Advisors LLC purchased a new equity stake in Smith Micro Software during the third quarter valued at approximately $54,000. 31.73% of the shares are currently held by hedge funds and other institutional investors.
Smith Micro Software Company Profile (Get a rating)
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.
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