Shares of smart home company SmartRent (NYSE:SMRT) fell 29.5% in the morning session after the company announced that sales for Q1 2025 would fall 18-20% compared to the previous year, raising concerns about weakening demand and competitive pressures which could negatively impact investor confidence and future growth prospects. Compounding the uncertainty, President and CEO Shane Paladin resigned, prompting the board to appoint Chairman John Dorman as interim CEO. The leadership transition, particularly during a period of financial underperformance, may deepen market anxiety regarding the stability of the business while the board searches for a permanent successor.
Stay up-to-date with the latest market trends one hour before the close of the markets on Thursday. Explore the top gainers and losers during today's session in our detailed report.
Stay up-to-date with the latest market trends in the middle of the day on Thursday. Explore the top gainers and losers during today's session in our detailed report.
Let's delve into the US markets on Thursday and uncover the stocks that are experiencing notable gaps in today's session. Below, you'll find the gap up and gap down stocks.
SmartRent’s stock price has taken a beating over the past six months, shedding 41.8% of its value and falling to a new 52-week low of $0.96 per share. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
Smart home company SmartRent (NYSE:SMRT) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 41.3% year on year to $35.37 million. Its GAAP loss of $0.06 per share was $0.03 below analysts’ consensus estimates.
Since August 2024, SmartRent has been in a holding pattern, posting a small return of 4.9% while floating around $1.51. The stock also fell short of the S&P 500’s 12.2% gain during that period.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Rockwell Automation (NYSE:ROK) and the rest of the internet of things stocks fared in Q3.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Vontier (NYSE:VNT) and the rest of the internet of things stocks fared in Q3.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the internet of things industry, including Trimble (NASDAQ:TRMB) and its peers.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at SmartRent (NYSE:SMRT) and the best and worst performers in the internet of things industry.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the internet of things industry, including Emerson Electric (NYSE:EMR) and its peers.
Smart home company SmartRent (NYSE:SMRT) missed Wall Street’s revenue expectations in Q3 CY2024, with sales falling 30.3% year on year to $40.51 million. Its GAAP loss of $0.05 per share was also 150% below analysts’ consensus estimates.
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the internet of things industry, including PowerFleet (NASDAQ:PWFL) and its peers.
