SmartRent Updates FY23 Revenue From $225M-$250M To $233M-$250M Vs $239.6M Est
Portfolio Pulse from Benzinga Newsdesk
SmartRent has updated its FY23 revenue guidance from $225M-$250M to $233M-$250M, compared to the estimated $239.6M.

August 08, 2023 | 12:40 pm
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NEUTRAL IMPACT
SmartRent's updated FY23 revenue guidance is slightly higher than the previous one, but still within the estimated range.
SmartRent's updated revenue guidance for FY23 is slightly higher than the previous one, indicating a potential increase in revenues. However, it is still within the estimated range, suggesting that the market may have already priced in this information. Therefore, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100