SmartRent Q2 EPS $(0.05), Inline, Sales $53.40M Miss $53.58M Estimate
Portfolio Pulse from totan@benzinga.com
SmartRent (NYSE:SMRT) reported Q2 earnings per share (EPS) of $(0.05), in line with analyst consensus. However, the company's sales of $53.40M missed the estimate of $53.58M by 0.33%. This represents a 61.54% increase in EPS and a 25.92% increase in sales compared to the same period last year.
August 08, 2023 | 12:02 pm
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NEUTRAL IMPACT
SmartRent's Q2 results were mixed with EPS meeting estimates but sales falling short. Despite this, both EPS and sales showed significant YoY growth.
SmartRent's EPS met analyst expectations, which is a positive signal. However, the company missed sales estimates, which could negatively impact investor sentiment. The YoY growth in both EPS and sales is a positive sign, indicating improved performance. The net impact on the stock is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100