Will Smith Micro Software, Inc. (SMSI) Report Negative Q3 Earnings? What You Should Know

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Smith Micro Software, Inc. despite lower revenues, with actual results being crucial for stock price movement [1][2]. Earnings Expectations - The consensus estimate indicates a quarterly loss of $0.13 per share, reflecting a year-over-year improvement of +56.7% [3]. - Expected revenues are projected at $4.4 million, which is a decline of 5.4% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 5% higher in the last 30 days, indicating a reassessment by analysts [4]. - It is important to note that the direction of estimate revisions may not always align with the overall change in consensus estimates [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model compares the Most Accurate Estimate to the Zacks Consensus Estimate, suggesting that recent revisions may provide more accurate predictions [8]. - A positive Earnings ESP reading is a strong indicator of potential earnings beats, especially when combined with a favorable Zacks Rank [10].