Smith Micro Software (NASDAQ:SMSI) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-13. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Smith Micro Software will report an earnings per share (EPS) of $-0.31.
Smith Micro Software bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Earnings History Snapshot
The company's EPS missed by $0.03 in the last quarter, leading to a 20.16% drop in the share price on the following day.
Here's a look at Smith Micro Software's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | -0.35 | -0.40 | -0.16 | 0 |
| EPS Actual | -0.38 | -0.45 | -0.16 | 0.08 |
| Price Change % | -20.0% | -4.0% | -41.0% | -28.999999999999996% |
Performance of Smith Micro Software Shares
Shares of Smith Micro Software were trading at $0.89 as of November 11. Over the last 52-week period, shares are down 86.08%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release.
To track all earnings releases for Smith Micro Software visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
