Smartsheet Inc expected to post earnings of 27 cents a share - Earnings Preview

Smartsheet

03/06/2024 21:16

* Smartsheet Inc  SMAR.N   SMAR.K  is expected to show a
rise in
quarterly revenue when it reports  results on June 5 for the
period ending April 30 2024
    * The Bellevue Washington-based  company is expected to
report a
17.5% increase in revenue to $258.28 million from $219.89
million a year ago, according to the mean estimate from 19
analysts, based on LSEG data.The company's guidance on March 14
2024, for the period ended April 30, was for revenue between
$257.00 million and $259.00 million.
    * ​LSEG's mean analyst estimate for Smartsheet Inc is for
earnings
of 27 cents per share. The company's EPS guidance on March 14
2024, for the period ended April 30, was between $0.26 and
$0.27 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 3
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Smartsheet
Inc is
$50.00​, above​ its last closing price of $37.00. ​​​

The company's guidance on March 14 2024 for the period ended
April 30 was for Earnings before Interest and Taxes between
USD32 million and USD34 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 31 2024  0.18        0.18       0.34      Beat    87.8
 Oct. 31 2024  0.09        0.09       0.16      Beat    82.5
 Jul. 31 2023  0.08        0.07       0.16      Beat    116.4​
 Apr. 30 2023  0.08        0.07       0.18      Beat    147.9
 ​​Jan.        -0.01       -0.01      0.07      Beat    1,426.
 31 2023                                                3
 Oct. 31 2022  -0.15       -0.15      -0.01     Beat    93.3​
 Jul. 31 2022  -0.20       -0.20      -0.10     Beat    49.3
 Apr. 30 2022  -0.19       -0.19      -0.18     Beat    3.5
 This summary was machine generated June 3 at 20:16 GMT.  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)