-$0.08 EPS Expected for Smith Micro Software, Inc. (NASDAQ:SMSI) This Quarter

Equities research analysts expect that Smith Micro Software, Inc. (NASDAQ:SMSI – Get Rating) will report ($0.08) earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Smith Micro Software’s earnings, with the highest EPS estimate coming in at ($0.07) and the lowest estimate coming in at ($0.08). Smith Micro Software reported earnings of $0.02 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 500%. The firm is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Smith Micro Software will report full year earnings of ($0.22) per share for the current fiscal year, with EPS estimates ranging from ($0.26) to ($0.15). For the next year, analysts anticipate that the firm will post earnings of $0.18 per share, with EPS estimates ranging from $0.10 to $0.25. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Smith Micro Software.

Smith Micro Software (NASDAQ:SMSI – Get Rating) last announced its earnings results on Thursday, March 10th. The software maker reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Smith Micro Software had a negative net margin of 53.14% and a negative return on equity of 6.46%. During the same quarter in the prior year, the firm earned $0.01 earnings per share.

Several research firms have weighed in on SMSI. StockNews.com began coverage on shares of Smith Micro Software in a research note on Thursday, March 31st. They issued a “sell” rating for the company. Lake Street Capital decreased their price target on shares of Smith Micro Software from $9.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, March 11th. B. Riley decreased their price target on shares of Smith Micro Software from $9.50 to $6.25 in a research note on Friday, March 11th. Dawson James decreased their price target on shares of Smith Micro Software from $11.40 to $8.30 and set a “buy” rating for the company in a research note on Friday, March 11th. Finally, TheStreet downgraded shares of Smith Micro Software from a “c-” rating to a “d+” rating in a research note on Thursday, January 27th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $7.39.

Shares of NASDAQ SMSI opened at $3.18 on Friday. Smith Micro Software has a twelve month low of $2.84 and a twelve month high of $6.52. The company has a market capitalization of $172.76 million, a PE ratio of -5.48 and a beta of 0.77. The firm has a fifty day simple moving average of $3.68 and a 200 day simple moving average of $4.54.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMSI. Moors & Cabot Inc. purchased a new position in Smith Micro Software in the third quarter valued at about $240,000. Renaissance Technologies LLC boosted its stake in Smith Micro Software by 49.8% in the fourth quarter. Renaissance Technologies LLC now owns 642,776 shares of the software maker’s stock valued at $3,162,000 after acquiring an additional 213,722 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Smith Micro Software by 518.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 251,346 shares of the software maker’s stock valued at $1,237,000 after acquiring an additional 210,701 shares during the last quarter. ARS Investment Partners LLC purchased a new position in Smith Micro Software in the third quarter valued at about $433,000. Finally, D. E. Shaw & Co. Inc. boosted its stake in Smith Micro Software by 505.0% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 105,257 shares of the software maker’s stock valued at $518,000 after acquiring an additional 87,859 shares during the last quarter. Hedge funds and other institutional investors own 31.73% of the company’s stock.

About Smith Micro Software (Get Rating)

Smith Micro Software, Inc develops and sells software to enhance the mobile experience to wireless and cable service providers worldwide. It offers SafePath Family, SafePath IoT, and SafePath Home product suite, which provides tools to protect digital lifestyles and manage connected devices inside and outside the home; and CommSuite, a messaging platform that helps mobile service providers deliver a next-generation voicemail experience to mobile subscribers, as well as enables multi-language Voice-to-Text transcription messaging.

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