Smartsheet Inc <SMAR.N>: A loss of 15 cents per share anticipated for fourth quarter

Published on November 29, 2022 01:09 PM PST

Smartsheet Inc <SMAR.N>: A loss of 15 cents per share anticipated for fourth quarter — Image source: ©2022 Kalkine Media®

29 November 2022 09:09 p.m. All figures in US dollars. Smartsheet Inc is expected to show a decrease in its fourth quarter earnings to -15 cents per share according to the mean Refinitiv estimate from eighteen analysts. Wall Street expects results to range from a loss of -17 cents to a loss of -7 cents per share. The company's EPS guidance on September 1 2022, for the period ended October 31, was between $-0.16 and $-0.15 RECOMMENDATIONS * The consensus recommendation for the company is "Buy". This includes six "Strong Buy", twelve "Buy", three "Hold". * The average consensus recommendation for the software peer group is also "Buy". FORECAST CHANGES * Eighteen analysts are currently providing Refinitiv with estimates. * In the last week one analyst has revised an earnings estimate upward and one analyst has revised an earnings estimate downward. There were no changes to the number of estimates. * In the last four weeks the earnings per share estimate has fallen by 2.76 percent from -15 cents. Estimates ranged from a high of -15 cents to a low of -17 cents. There has been no changes to the number of estimates. * The StarMine predicted earnings surprise is too low to be considered statistically significant. Predicted revenue surprise is too low to be significant. * The average price target from the eighteen analysts providing estimates is $44.72. YEAR OVER YEAR * The company is expected to report a rise in revenue to $194.27 million from $144.63 million in the same quarter last year.The company's guidance on September 1 2022, for the period ended October 31, was for revenue between $193 million and $194 million. * The current quarter consensus estimate of -15 cents per share implies a loss of 395.73 percent from the same quarter last year when the company reported -3 cents per share. The company's guidance on September 1 2022 for the period ended October 31 was for Earnings before Interest and Taxes between $-21 million and $-19 million. * Previous quarterly performance (using preferred earnings measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Jul. 31 2022 -0.20 -0.10 Beat Apr. 30 2022 -0.19 -0.18 Beat Jan. 31 2022 -0.15 -0.12 Beat Oct. 31 2021 -0.10 -0.03 Beat This summary was machine generated from Refinitiv data November 29 at 09:09 p.m..

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