FMP
Smartsheet Shares Surge 17% Following Q4 Earnings Results
Mar 16, 2023 1:03 PM - Davit Kirakosyan
Image credit: FMP
Smartsheet (NYSE:SMAR) shares jumped more than 17% yesterday after the company reported its Q4 results, with EPS coming in at $0.07, better than the Street estimate of ($0.01). Revenue was $212.3 million, beating the Street estimate of $206.25 million.
Despite better-than-expected results, the company provided a carefully measured 2024 revenue outlook, incorporating the potential for a worsening macro environment. This is despite continued solid new customer activity (18,093 >$5K customers, up 19.4% year-over-year) and enterprise strength (1,484 >$100K ACV customers, up 44.6% year-over-year).
The company expects Q1/24 EPS in the range of $0.08-$0.09, compared to the Street estimate of ($0.06), and revenue in the range of $213-$215 million, compared to the Street estimate of $217 million.
For the full year, the company expects EPS to be in the range of $0.31-$0.38, compared to the Street estimate of ($0.09), and revenue in the range of $943-948 million, compared to the Street estimate of $956 million.
Other Blogs
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
P/E Ratios Using Normalized Earnings
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
What is Price To Earnings Ratio and How to Calculate it using Python
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
VMware Stock Drops 12% as China May Hold Up the Broadcom Acquisition
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...
