SmartRent Earnings Preview
Portfolio Pulse from Benzinga Insights
SmartRent (NYSE:SMRT) is scheduled to release its quarterly earnings report on March 5, 2024, with an expected EPS of $-0.01. Historical data shows mixed reactions to past earnings, with the last quarter's miss leading to a 12.88% share price increase the following day. Shares are currently trading at $2.9, reflecting a 12.31% increase over the last 52 weeks. Investors are advised to watch for the company's guidance for future quarters, which can significantly impact stock performance.
March 04, 2024 | 3:01 pm
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NEUTRAL IMPACT
SmartRent is expected to report an EPS of $-0.01 for the upcoming quarter. Historical performance shows significant stock price movements post-earnings, with a 12.88% increase after the last report. Shares have risen 12.31% over the past year.
Given SmartRent's historical stock price volatility post-earnings and the current positive trend in share price, the upcoming earnings report could maintain the stock's momentum, especially if the company beats the EPS estimate or provides positive future guidance. However, the exact impact is uncertain due to mixed historical reactions, justifying a neutral score.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100