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

Smartsheet

08/12/2023 06:14

* Smartsheet Inc  SMAR.N  reported quarterly adjusted
earnings of
16 cents​​ per share for the quarter ended in October, higher
than the same quarter last year, when the company reported EPS
of -1 cents.  The mean expectation of eighteen analysts for the
quarter was for earnings of 9 cents per share. Wall Street
expected results to range from 8 cents to 12 cents per share.
    * Revenue rose 23.2% to $245.92 million from a year ago;
analysts
expected $241.69 million. 
    * Smartsheet Inc's reported EPS for the quarter was a loss
of 24
cents​.
    * The company reported a quarterly loss of $32.43 million.
    * Smartsheet Inc shares had risen by 10.9% this quarter and
gained 14.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.6%
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 17 "strong buy" or "buy," 3
"hold" and no "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
$55.00 
This summary was machine generated from LSEG data December 8 at
06:13 a.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
 Oct. 31 2023      0.09           0.16           Beat
 Jul. 31 2023      0.07           0.16           Beat
 Apr. 30 2023      0.07           0.18           Beat
 Jan. 31 2023      -0.01          0.07           Beat