SmartRent (NYSE:SMRT) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

SmartRent (NYSE:SMRT) released its quarterly earnings data on Wednesday. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04), Briefing.com reports. SmartRent had a negative net margin of 12.77% and a negative return on equity of 6.08%. The company had revenue of $35.37 million for the quarter, compared to the consensus estimate of $37.78 million. During the same period last year, the company earned ($0.02) EPS. The firm’s revenue for the quarter was down 41.3% on a year-over-year basis.

SmartRent Trading Down 1.2 %

Shares of SMRT stock traded down $0.02 during trading hours on Wednesday, reaching $1.26. 461,695 shares of the stock were exchanged, compared to its average volume of 1,263,166. The firm has a market capitalization of $241.67 million, a price-to-earnings ratio of -9.65 and a beta of 1.90. SmartRent has a 12-month low of $1.09 and a 12-month high of $2.98. The company’s 50-day moving average price is $1.53 and its 200-day moving average price is $1.63.

SmartRent Company Profile

SmartRent, Inc, an enterprise software company, provides an integrated smart home operating system to residential property owners and operators, homebuilders, institutional home buyers, developers, and residents in the United States. The company’s products and solutions include smart apartments and homes, access control for buildings, common areas, and rental units, asset protection and monitoring, parking management, self-guided tours, and community and resident Wi-Fi.