Smartsheet Inc reports results for the quarter ended October 31 - Earnings Summary

Smartsheet

05/12/2024 22:01

* Smartsheet Inc  SMAR.N  reported quarterly adjusted
earnings of
43 cents​​ per share for the quarter ended October 31, higher
than the same quarter last year, when the company reported EPS
of 16 cents.  The mean expectation of eighteen analysts for the
quarter was for earnings of 30 cents per share. Wall Street
expected results to range from 29 cents to 32 cents per share.
    * Revenue rose 16.7% to $286.87 million from a year ago;
analysts
expected $283.82 million. 
    * Smartsheet Inc's reported EPS for the quarter was 1 cent​.
    * The company reported quarterly net income of $1.32
million.
    * Smartsheet Inc shares had risen by 1.3% this quarter and
gained 17.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.7%
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 "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 16
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for Smartsheet Inc is
$56.50 
This summary was machine generated from LSEG data December 5 at
10:00 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
 Oct. 31 2024      0.30           0.43           Beat
 Jul. 31 2024      0.29           0.44           Beat
 Apr. 30 2024      0.27           0.32           Beat
 Jan. 31 2024      0.18           0.34           Beat