Smith Micro Software Earnings Preview: Can This Streak Continue?

Smith Micro Software (NASDAQ:SMSI) will report earnings after markets close on Wednesday, May 1st. Smith Micro Software, Inc. develops and sells eCommerce and communications software for personal and business use. The Company’s products enable personal communication through telephony, fax, multimedia email, data, paging, video security, and video conferencing. Smith Micro Software markets its products through the Internet, retail stores, direct sales, and value-added resellers.

Here is your Cheat Sheet to Smith Micro Software Earnings:

Earnings Expectations: Analysts expect earnings of $-0.08 per share on revenues of $11.43 million.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a loss of $0.05 to a loss $0.06. For the current year, the average estimate is a loss of $0.18, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Smith Micro Software has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 98.42 107.28 130.50 57.77 43.33
Diluted EPS ($) -0.02 0.14 0.36 -4.48 -0.71

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 11.24 10.11 10.17 11.01 12.03
Diluted EPS ($) -0.2668 -0.27 -0.19 -0.13 -0.1155

Past Performance:
Smith Micro Software has beat analyst estimates 4 times in the past four quarters. Shareholders could expect a boost if the company beats estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]