Smartsheet Inc expected to post earnings of 9 cents a share - Earnings Preview

Smartsheet

05/12/2023 21:04

* Smartsheet Inc  SMAR.N   SMAR.K  is expected to show a
rise in
quarterly revenue when it reports  results on December 7 for the
period ending July 31 2023
    * The Bellevue Washington-based  company is expected to
report a
21.1% increase in revenue to $241.687 million from $199.58
million a year ago, according to the mean estimate from 17
analysts, based on LSEG data.The company's guidance on September
7 2023, for the period ended October 31, was for revenue between
$240.00 million and $242.00 million.
    * ​LSEG's mean analyst estimate for Smartsheet Inc is for
earnings
of 9 cents per share. The company's EPS guidance on September 7
2023, for the period ended October 31, was between $0.08 and
$0.09 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 17 "strong buy" or "buy," 3
"hold" and no "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 $44.71. ​​​

The company's guidance on September 7 2023 for the period ended
October 31 was for Earnings before Interest and Taxes between
USD8 million and USD10 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  
 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. 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.        -0.20       -0.20      -0.10     Beat    49.3
 31 2022                                                
 Apr. 30 2022  -0.19       -0.19      -0.18     Beat    3.5​
 Jan. 31 2022  -0.15       -0.15      -0.12     Beat    19.8
 Oct. 31 2021  -0.10       -0.10      -0.03     Beat    71.3
 This summary was machine generated December 5 at 21:04 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)