Deutsche Bank analysts provided their outlook on SmartRent, Inc. (NYSE:SMRT) ahead of the company’s upcoming Q2 earnings report, expecting results to be generally in line with guidance as the company continues to be limited by supply constraints.
The analysts also expect the company to reiterate its full-year guidance for revenue ($220-250 million) and EBITDA (loss of $30-50 million). While in the current macro environment multifamily owners/operators could delay some of the spending or commitments to future technology deployments, the analysts believe the company's growth could be more resilient as its technology offers a compelling cost-benefit argument.
Furthermore, the company could benefit from a year-end budget flush, especially for properties that have capital spending requirements. The analysts expect this resiliency to show up in the company's bookings and committed units metrics, and not necessarily in revenues.