Smith Micro Software Q4 Adj EPS $(0.02), Inline, Sales $8.59M Miss $8.84M Estimate
Portfolio Pulse from saritha@benzinga.com
Smith Micro Software (SMSI) reported Q4 adjusted EPS of $(0.02), meeting analyst estimates but reported sales of $8.59M, missing the $8.84M estimate. This represents a 75% decrease in losses per share and a 24.66% decrease in sales compared to the same period last year.
February 22, 2024 | 9:34 pm
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NEGATIVE IMPACT
Smith Micro Software reported Q4 adjusted EPS of $(0.02), in line with estimates, but missed sales forecasts with $8.59M against an $8.84M estimate.
The miss in sales forecasts and the decrease in sales compared to the previous year are likely to negatively impact investor sentiment towards SMSI in the short term. Although the EPS met estimates, the significant drop in sales year-over-year could overshadow this fact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100