Smartsheet Inc reports results for the quarter ended in April - Earnings Summary

Smartsheet

07/06/2023 22:02

* Smartsheet Inc  SMAR.N  reported quarterly adjusted
earnings of
18 cents​​ per share for the quarter ended in April. The mean
expectation of twenty analysts for the quarter was for earnings
of 8 cents per share.
    * Revenue rose 30.6% to $219.89 million from a year ago;
analysts
expected $216.92 million. 
    * Smartsheet Inc's reported EPS for the quarter was a loss
of 23
cents​.
    * The mean earnings estimate of analysts had risen by
about 238.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Smartsheet Inc shares had risen by 8.1% this quarter and
gained 31.2% so far this year.
    * The company reported a quarterly loss of $29.87 million.
    * Wall Street's median 12-month price target for Smartsheet
Inc is
$53.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 17 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data June
7 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2023      0.08           0.18           Beat
 Jan. 31 2023      -0.01          0.07           Beat
 Oct. 31 2022      -0.15          -0.01          Beat
 Jul. 31 2022      -0.20          -0.10          Beat