SmartRent Q2 EPS $(0.02) Misses $(0.01) Estimate, Sales $48.52M Miss $51.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
SmartRent (NYSE:SMRT) reported Q2 EPS of $(0.02), missing the $(0.01) estimate. Sales were $48.52M, below the $51.60M estimate. EPS improved from $(0.05) last year, but sales decreased by 9.15% from $53.40M.
August 07, 2024 | 12:05 pm
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NEGATIVE IMPACT
SmartRent reported Q2 EPS of $(0.02), missing the $(0.01) estimate. Sales were $48.52M, below the $51.60M estimate. EPS improved from $(0.05) last year, but sales decreased by 9.15% from $53.40M.
SmartRent's Q2 earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. Although EPS improved from the previous year, the sales decline and failure to meet expectations are significant concerns for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100