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

Smartsheet

14/03/2024 21:56

* Smartsheet Inc  SMAR.N  reported quarterly adjusted
earnings of
34 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 7 cents.  The mean expectation of eighteen analysts for the
quarter was for earnings of 18 cents per share. Wall Street
expected results to range from 17 cents to 19 cents per share.
    * Revenue rose 21% to $256.95 million from a year ago;
analysts
expected $255.38 million. 
    * Smartsheet Inc's reported EPS for the quarter was a loss
of 7
cents​.
    * The company reported a quarterly loss of $8.98 million.
    * Smartsheet Inc shares had fallen by 13.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 17 "strong buy" or "buy," 2
"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
$56.00 
This summary was machine generated from LSEG data March 14 at
09:55 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
 Jan. 31 2024      0.18           0.34           Beat
 Oct. 31 2023      0.09           0.16           Beat
 Jul. 31 2023      0.07           0.16           Beat
 Apr. 30 2023      0.07           0.18           Beat