JUMP REPORT
Avg Daily Volume: 1,272,564 Market Cap: 4.5B
Sector: None Short Interest: 16.44
EARNINGS EXPECTATIONS:
THIS QTR: EPS: -.16/share REV: 77.67/M
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LAST QTR: EPS: -.18/share ACTUAL: -.15/share (BEAT)
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NEXT QTR: EPS: -.14/share REV: 81.59/M
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FULL YR: EPS: -.52/share REV: 270.06/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 50% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 5.39, -12.79, 10.5
EXPECTED JUMP MOVE: 10%+
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*** With market volatility at extremes during the coronavirus pandemic there is greater risk in trading these events which may not react as they would under normal market conditions. Please take extra caution before trading.
Links To Latest News and Headlines
Smartsheet (NYSE: SMAR), the enterprise platform for dynamic work, reveals that 71% of technology decision-makers are rethinking their longer-term strategic decisions around workforce technologies, according to a commissioned survey* conducted by 451 Research, part of S&P Global Market Intelligence.
» Survey Finds European Businesses Focused on Merging Culture and Technology to Empower Productivity
Smartsheet (NYSE: SMAR), the enterprise platform for dynamic work, revealed 71% of technology decision-makers are rethinking their longer-term strategic decisions around workforce technologies, according to a commissioned survey* of enterprise professionals conducted by 451 Research, part of S&P Global Market Intelligence.
In this article you are going to find out whether hedge funds think Smartsheet Inc. (NYSE:SMAR) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks among […]
Smartsheet’s (SMAR) fourth quarter fiscal 2021 results reflect continued momentum in subscription and professional services revenues.
Smartsheet reported a better-than-expected loss in the fiscal fourth quarter (ended Jan. 31) and outpaced analysts’ expectations for revenues. The rise in subscription and professional services revenue was the primary driver. However, shares of the software company declined 3.1% in Tuesday’s extended trading session after closing 1.2% higher on the day. Smartsheet (SMAR) incurred an adjusted loss of $0.04 per share in 4Q, compared to the loss of $0.13 recorded in the prior-year quarter. Analysts had expected the company to report a loss of $0.13 per share. Total revenue of $109.9 million surged 40% year-over-year and topped analysts’ expectations of $102.72 million. Subscription revenues grew 42% in the quarter, while professional services revenue rose 18%. (See Smartsheet stock analysis on TipRanks) Smartsheet CEO Mark Mader said, “We look forward to innovating for our customers and providing the leading dynamic platform to empower teams and achieve better business outcomes.” For the fiscal year 2022, the company anticipates total revenue of $500 million to $505 million, versus the consensus estimate of $488.8 million. Adjusted loss per share is expected to land between $0.44 and $0.36, versus the loss of $0.42 per share estimated by analysts. For fiscal 1Q, the company projects revenue to be in the range of $111 million to $112 million, versus the consensus estimate of $109 million. Adjusted loss per share is forecasted to be in the range of $0.15 to $0.14, versus analysts’ expectations of a $0.12 loss per share. Following the 4Q results, Stephens analyst Ryan MacWilliams maintained a Buy rating and a price target of $80 (16.6% upside potential) on the stock as the analyst believes “Smartsheet continues its steady progression back towards pre-COVID levels in its 4Q21.” MacWilliams remains “positive on Smartsheet as the company invests to take advantage of its opportunity to become the cloud platform for the next-generation knowledge worker.” Smartsheet shares have exploded 87.5% over the past year, while the stock still scores a Strong Buy consensus rating based on 4 Buys versus 1 Hold. That’s alongside an average analyst price target of $79, which implies 15% upside potential to current levels. What’s more, Smartsheet scores an 8 out of 10 from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations. Related News: Jabil’s Sales Guidance Tops Estimates After 2Q Beat; Shares Jump Pre-Market Southwest Airlines Provides Operational And Financial Business Update; Shares Gain Johnson & Johnson’s Single-Dose COVID-19 Vaccine Granted Emergency Use Listing By WHO More recent articles from Smarter Analyst: NuVasive Expands Partnership With ISSGF Catalyst Pharma 4Q Revenue, Earnings Outperform Estimates Westport Fuel Rises 6% Pre-Market On Better-Than-Expected 4Q Showing Shattuck Labs Posts Narrower-Than-Estimated 4Q Loss
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