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

Smartsheet

05/06/2024 22:21

* Smartsheet Inc  SMAR.N  reported quarterly adjusted
earnings of
32 cents​​ per share for the quarter ended in April, higher than
the same quarter last year, when the company reported EPS of 18
cents.  The mean expectation of nineteen analysts for the
quarter was for earnings of 27 cents per share. Wall Street
expected results to range from 26 cents to 28 cents per share.
    * Revenue rose 19.6% to $262.98 million from a year ago;
analysts
expected $258.28 million. 
    * Smartsheet Inc's reported EPS for the quarter was a loss
of 6
cents​.
    * The company reported a quarterly loss of $8.86 million.
    * Smartsheet Inc shares had fallen by 2.3% this quarter and
lost 21.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 31.6%
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 16 "strong buy" or "buy," 3
"hold" and 1 "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 Smartsheet Inc is
$50.00 
This summary was machine generated from LSEG data June 5 at
09:21 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
 Apr. 30 2024      0.27           0.32           Beat
 Jan. 31 2024      0.18           0.34           Beat
 Oct. 31 2023      0.09           0.16           Beat
 Jul. 31 2023      0.07           0.16           Beat