SmartRent Sees FY23 Revenue $235M-$240M Vs $241.93M Est.
Portfolio Pulse from Benzinga Newsdesk
SmartRent has projected its FY23 revenue to be between $235M and $240M, which is slightly below the estimated $241.93M.
November 07, 2023 | 1:58 pm
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NEGATIVE IMPACT
SmartRent's lower than expected FY23 revenue forecast may negatively impact its stock price in the short term.
SmartRent's FY23 revenue forecast is lower than the market estimate. This could lead to a negative sentiment among investors, potentially causing a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100