SmartRent (SMRT) Earnings Tomorrow: What Investors Need to Know

Generado por agente de IAWesley Park
martes, 4 de marzo de 2025, 9:04 am ET1 min de lectura
SMRT--


As SmartRentSMRT-- Inc (SMRT) prepares to release its Q4 2024 earnings tomorrow, investors are eager to see how the company performed in the final quarter of the year. With a market cap of $242.64 million and an enterprise value of $87.11 million, SmartRent has been a subject of interest for many investors. Here's what you need to know ahead of the earnings release.



In the previous quarter, SmartRent missed analysts' revenue and earnings expectations. The company's actual revenue of $40.51 million fell short of the expected $45.94 million by -11.82%, while the actual earnings of -$0.05 per share missed the expected -$0.018 per share by -177.78%. Following the release of these results, SmartRent Inc (SMRT) stock price declined by -7.39% in one day, indicating a negative market reaction to the misses.



However, it's essential to note that the average brokerage recommendation for SmartRent Inc (SMRT) is currently 3.0, indicating a "Hold" status. This suggests that analysts are cautious about the company's prospects, and the upcoming earnings release may play a crucial role in determining whether the recommendation changes.

Analysts' price targets for SmartRent range from $1.50 to $4.00, with an average target price of $2.28. This implies an upside of 80.56% from the current price of $1.26. The variation in price targets can be attributed to differing opinions on future performance, risk tolerance, investment horizon, and analysts' familiarity with the company.

As SmartRent Inc (SMRT) prepares to release its Q4 2024 earnings tomorrow, investors should pay close attention to the company's performance and the market's reaction to the results. A strong earnings report could potentially lead to an upgrade in the recommendation and an increase in stock price, while a weak report may result in a downgrade and a further decline in stock price. Keep an eye on SmartRent's earnings release and the subsequent market reaction to make informed investment decisions.

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