Equity research analysts expect Smith Micro Software, Inc. (NASDAQ:SMSI – Get Rating) to report earnings per share (EPS) of ($0.09) for the current fiscal quarter, reports Zacks Investment Research . Three analysts provided earnings estimates for Smith Micro Software, with the lowest EPS estimate being $0.09 and the highest estimate being $0.08. Smith Micro Software posted earnings of ($0.01) per share in the same quarter last year, indicating a negative 800% year-over-year growth rate. The company is expected to release its next results on Monday, January 1.

On average, analysts expect Smith Micro Software to report annual earnings of ($0.26) per share for the current year, with EPS estimates ranging from ($0.30) to ($0.00). $.24). For the next fiscal year, analysts expect the company to post earnings of $0.15 per share, with EPS estimates ranging from $0.09 to $0.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research companies that provide coverage for Smith Micro Software.

Smith Micro Software (NASDAQ:SMSI – Get Rating) last reported quarterly results on Wednesday, May 4. The software maker reported ($0.10) earnings per share (EPS) for the quarter, beating analyst consensus estimates of ($0.11) by $0.01. Smith Micro Software had a negative return on equity of 11.61% and a negative net margin of 58.25%. The company posted revenue of $12.74 million in the quarter, compared to analyst estimates of $12.38 million.

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A number of equity research analysts have recently released WSIS stock reports. B. Riley reduced his price target on Smith Micro Software from $9.50 to $6.25 in a Friday, March 11 research note. Lake Street Capital cut its price target on Smith Micro Software from $9.00 to $6.00 and set a “buy” rating for the company in a research note on Friday, March 11. StockNews.com picked up coverage from Smith Micro Software in a Thursday, March 31 research report. They set a “sell” rating for the company. Zacks Investment Research downgraded Smith Micro Software from a “buy” rating to a “hold” rating in a Tuesday, May 17 research report. Finally, Dawson James lowered its price target on Smith Micro Software from $11.40 to $8.30 and set a “buy” rating for the company in a Friday, March 11 research report. One research analyst rated the stock with a sell rating, one gave the stock a hold rating and two gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $5.89.

SMSI shares traded down $0.03 on Friday, hitting $2.65. 162,441 shares of the company were traded, against an average volume of 364,489. Smith Micro Software has a 52-week low of $2.40 and a 52-week high of $6.52. The stock has a market capitalization of $146.17 million, a PE ratio of -4.14 and a beta of 0.90. The company’s fifty-day simple moving average is $3.10 and its 200-day simple moving average is $3.97.

Institutional investors and hedge funds have recently increased or reduced their stake in the company. Citigroup Inc. raised its position in shares of Smith Micro Software by 159.6% in the third quarter. Citigroup Inc. now owns 5,493 shares of the software maker worth $27,000 after acquiring 3,377 additional shares in the last quarter. Royal Bank of Canada raised its position in Smith Micro Software shares by 76.5% in the third quarter. Royal Bank of Canada now owns 6,161 shares of the software maker worth $30,000 after acquiring 2,671 more shares last quarter. Malaga Cove Capital LLC bought a new position in shares of Smith Micro Software in Q1 worth $42,000. Squarepoint Ops LLC bought a new position in shares of Smith Micro Software in Q3 worth $50,000. Finally, ProShare Advisors LLC bought a new position in Smith Micro Software stock in Q4 worth $50,000. 29.17% of the shares are held by hedge funds and other institutional investors.

Smith Micro Software Company Profile (Get a rating)

Smith Micro Software, Inc. develops and sells software to enhance the mobile experience to wireless and cable service providers worldwide. It offers the 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 enabling multilingual Voice-to-Text transcription messaging.

Further reading

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