Samsara Inc reports results for the quarter ended in January - Earnings Summary

Samsara (Pre-Reincorporation)

08/03/2024 24:47

* Samsara Inc  IOT.N  reported quarterly adjusted earnings
of 4
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of -2
cents.  The mean expectation of thirteen analysts for the
quarter was for earnings of 3 cents per share. Wall Street
expected results to range from 2 cents to 3 cents per share.
    * Revenue rose 48.1% to $276.27 million from a year ago;
analysts
expected $258.31 million. 
    * Samsara Inc's reported EPS for the quarter was a loss
of 21
cents​.
    * The company reported a quarterly loss of $113.37 million.
    * Samsara Inc shares had fallen by 0.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.9%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Samsara Inc is
$35.00 
This summary was machine generated from LSEG data March 8 at
12:47 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 31 2024      0.03           0.04           Beat
 Oct. 31 2023      0.01           0.04           Beat
 Jul. 31 2023      -0.02          0.01           Beat
 Apr. 30 2023      -0.05          -0.02          Beat