Ticker delayed 20 minutes
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
BELLEVUE, Wash., April 19, 2024–Smartsheet (NYSE: SMAR), the enterprise work management platform, today announced that its Board of Directors has authorized the repurchase of up to $150 million of the company’s outstanding Class A common stock through open market purchase, block trades, and/or in privately negotiated transactions or pursuant to 10b5-1 plans, in compliance with applicable securities laws and other legal requirements.
Looking back on project management software stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Smartsheet (NYSE:SMAR) and its peers.
BELLEVUE, Wash., April 15, 2024–Smartsheet (NYSE: SMAR), the enterprise work management platform, today announced the appointment of Jo Deal as Chief People Officer. Deal will be responsible for leading the company’s people & culture team and evolving its people strategies to support the company in its post–$1 billion annualized recurring revenue growth phase.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Asana (NYSE:ASAN) and the best and worst performers in the project management software industry.
The average of price targets set by Wall Street analysts indicates a potential upside of 33.1% in Smartsheet (SMAR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
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