SmartRent (SMRT) to Announce Earnings on Wednesday

SmartRent (NYSE:SMRT) is projected to issue its Q2 2026 results before the market opens on Wednesday, August 5th. Analysts expect the company to post earnings of ($0.02) per share and revenue of $39.6220 million for the quarter. Individuals may visit the the company’s upcoming Q2 2026 earning results page for the latest details on the call scheduled for Wednesday, August 5, 2026 at 11:30 AM ET.

SmartRent (NYSE:SMRT) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). SmartRent had a negative return on equity of 10.61% and a negative net margin of 16.58%.The company had revenue of $36.63 million during the quarter, compared to analyst estimates of $36.82 million. On average, analysts expect SmartRent to post $-0 EPS for the current fiscal year and $-0 EPS for the next fiscal year.

SmartRent Trading Up 4.3%

Shares of NYSE SMRT opened at $1.00 on Wednesday. The business has a 50-day moving average of $1.12 and a 200-day moving average of $1.41. The firm has a market capitalization of $193.80 million, a price-to-earnings ratio of -7.73 and a beta of 1.51. SmartRent has a 12 month low of $0.90 and a 12 month high of $2.20.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods dropped their target price on shares of SmartRent from $1.40 to $1.20 and set a “market perform” rating for the company in a research report on Monday, July 13th. Weiss Ratings raised shares of SmartRent from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, SmartRent currently has a consensus rating of “Reduce” and a consensus target price of $1.20.

Insider Activity

In other news, CEO Frank Martell acquired 40,260 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was purchased at an average cost of $1.13 per share, for a total transaction of $45,493.80. Following the acquisition, the chief executive officer owned 3,225,526 shares of the company’s stock, valued at $3,644,844.38. This trade represents a 1.26% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas N. Bohjalian acquired 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were purchased at an average cost of $1.11 per share, for a total transaction of $83,250.00. Following the completion of the acquisition, the director owned 721,062 shares in the company, valued at $800,378.82. This represents a 11.61% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 295,260 shares of company stock valued at $339,044. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Neuberger Berman Group LLC bought a new stake in shares of SmartRent in the 4th quarter worth approximately $30,000. Kanen Wealth Management LLC bought a new position in shares of SmartRent during the 3rd quarter valued at $26,000. CIBC Asset Management Inc bought a new position in shares of SmartRent during the 4th quarter valued at $60,000. Franklin Resources Inc. purchased a new position in SmartRent in the 3rd quarter worth $43,000. Finally, Squarepoint Ops LLC raised its position in SmartRent by 111.3% in the 4th quarter. Squarepoint Ops LLC now owns 31,774 shares of the company’s stock worth $64,000 after purchasing an additional 16,734 shares during the period. 59.42% of the stock is owned by hedge funds and other institutional investors.

SmartRent Company Profile

SmartRent Inc is a technology company that develops smart home and smart building automation solutions for the residential rental housing industry. Its integrated hardware and software platform enables property managers and owners to remotely monitor, manage and control access, energy use and overall resident experience. The company’s product portfolio includes smart locks, thermostats, leak and flood sensors, door and window sensors, security cameras, and a centralized management dashboard that interfaces with leading property management systems.

SmartRent’s platform is designed to streamline operations for multifamily communities and single-family rental portfolios by automating routine tasks such as digital resident self-showings, remote lease turnovers, package management and preventative maintenance alerts.