Smartsheet Inc expected to post earnings of 29 cents a share - Earnings Preview

Smartsheet

03/09/2024 21:21

* Smartsheet Inc  SMAR.N   SMAR.K  is expected to show a
rise in
quarterly revenue when it reports  results on September 5 for
the period ending July 31 2024
    * The Bellevue Washington-based  company is expected to
report a
16.4% increase in revenue to $274.194 million from $235.59
million a year ago, according to the mean estimate from 18
analysts, based on LSEG data.The company's guidance on June 5
2024, for the period ended July 31, was for revenue between
$273.00 million and $275.00 million.
    * ​LSEG's mean analyst estimate for Smartsheet Inc is for
earnings
of 29 cents per share. The company's EPS guidance on June 5
2024, for the period ended July 31, was between $0.28 and $0.29 
    * 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
$55.00​, above​ its last closing price of $48.80. ​​​

The company's guidance on June 5 2024 for the period ended July
31 was for Earnings before Interest and Taxes between USD38
million and USD40 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  
 Apr. 30 2024  0.27        0.27       0.32      Beat    20.6
 Jan. 31 2024  0.18        0.18       0.34      Beat    87.8
 Oct. 31 2023  0.09        0.09       0.16      Beat    82.5​
 Jan. 1 0001   0.08        0.07       0.16      Beat    116.4
 ​​Jan.        0.08        0.07       0.18      Beat    147.9
 1 0001                                                 
 Jan. 31 2023  -0.01       -0.01      0.07      Beat    1,426.
                                                        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
 This summary was machine generated September 3 at 20:21 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)