Samsara Inc reports results for the quarter ended in July 31 - Earnings Summary

Samsara (Pre-Reincorporation)

05/09/2024 22:01

* Samsara Inc  IOT.N  reported quarterly adjusted earnings
of 5
cents​​ per share for the quarter ended July 31, higher than the
same quarter last year, when the company reported EPS of 1
cents.  The mean expectation of fifteen analysts for the quarter
was for earnings of one cent per share. 
    * Revenue rose 36.9% to $300.20 million from a year ago;
analysts
expected $289.54 million. 
    * Samsara Inc's reported EPS for the quarter was a loss of 9
cents​.
    * The company reported a quarterly loss of $49.61 million.
    * Samsara Inc shares had risen by 14.7% this quarter and
gained 15.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 16.7%
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 10 "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
$42.00 
This summary was machine generated from LSEG data September 5 at
09:00 p.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
 Jul. 31 2024      0.01           0.05           Beat
 Apr. 30 2024      0.01           0.03           Beat
 Jan. 31 2024      0.03           0.04           Beat
 Oct. 31 2023      0.01           0.04           Beat