Smartsheet (NYSE:SMAR – Get Free Report) is set to post its quarterly earnings results after the market closes on Thursday, September 5th. Analysts expect Smartsheet to post earnings of $0.29 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Smartsheet (NYSE:SMAR – Get Free Report) last released its quarterly earnings results on Wednesday, June 5th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.06. The company had revenue of $262.98 million for the quarter, compared to analyst estimates of $258.06 million. Smartsheet had a negative return on equity of 12.06% and a negative net margin of 8.35%. On average, analysts expect Smartsheet to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Smartsheet Trading Down 1.8 %
Shares of NYSE:SMAR opened at $48.56 on Thursday. The stock has a fifty day simple moving average of $46.11 and a two-hundred day simple moving average of $42.30. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of -78.32 and a beta of 0.74. Smartsheet has a 12-month low of $35.52 and a 12-month high of $50.38.
Insider Activity
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Truist Financial reiterated a “buy” rating and set a $55.00 price objective on shares of Smartsheet in a research report on Monday. Morgan Stanley upped their price objective on Smartsheet from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. Guggenheim reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Smartsheet in a research note on Tuesday, June 25th. Wells Fargo & Company increased their price target on Smartsheet from $47.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Finally, Barclays increased their price target on Smartsheet from $40.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, June 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Smartsheet currently has an average rating of “Moderate Buy” and a consensus price target of $52.12.
Check Out Our Latest Stock Analysis on SMAR
About Smartsheet
Smartsheet, Inc engages in managing and automating collaborative work. Its platform provides solutions that eliminate the obstacles to capturing information, including a familiar and intuitive spreadsheet interface as well as easily customizable forms. The company was founded by W. Eric Browne, Maria Colacurcio, John D.
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