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SMAR Stock News Image - Zacks Investment Research

Smartsheet (SMAR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

Zacks Investment Research 2024 Mar 21
SMAR Stock News Image - Seeking Alpha

Smartsheet's stock has been negatively impacted by quarterly earnings, making it an attractive value play in an expensive market. It faces the same challenges as most of the rest of the software sector, most notably weakness among SMB customers. Over the long run, however, Smartsheet still benefits from greater adoption of distributed workforces. Its growth plus margin profile remains attractive.

Seeking Alpha 2024 Mar 17
SMAR Stock News Image - GeekWire

Business software company Smartsheet surpassed $1 billion in annualized recurring revenue in the fourth quarter, within the timeframe established by the company during its first analyst day as a public company in 2018.

GeekWire 2024 Mar 15
SMAR Stock News Image - Seeking Alpha

Smartsheet Inc. (SMAR) Q4 2024 Earnings Call Transcript

Seeking Alpha 2024 Mar 14
SMAR Stock News Image - Zacks Investment Research

Although the revenue and EPS for Smartsheet (SMAR) give a sense of how its business performed in the quarter ended January 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Zacks Investment Research 2024 Mar 14
SMAR Stock News Image - Zacks Investment Research

Smartsheet (SMAR) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.07 per share a year ago.

Zacks Investment Research 2024 Mar 14
SMAR Stock News Image - Reuters

Smartsheet on Thursday provided a revenue outlook that missed analyst estimates, sending its stock down 10%, even after the cloud software seller's quarterly revenue exceeded estimates.

Reuters 2024 Mar 14
SMAR Stock News Image - Business Wire

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet Inc. (NYSE: SMAR), the enterprise work management platform, today announced that it will release its financial results for its fourth quarter and full fiscal year 2024, which ended January 31, 2024, after the close of U.S. financial markets on March 14, 2024. Smartsheet executives will host a conference call and webcast that day at 4:30 p.m. ET (1:30 p.m. PT) to discuss the results. The dial-in number to access the call will be (888) 440-6385 or (646.

Business Wire 2024 Feb 08
SMAR Stock News Image - Seeking Alpha

Smartsheet's shares have been a laggard in my high-growth tech portfolio over 2023, but I believe this could change in 2024. Increasing adoption of premium capabilities should be an important company-specific growth driver supported by stabilizing enterprise demand. There is a significant valuation gap compared to peers, which should gradually close as topline growth reaccelerates and margins continue to expand further.

Seeking Alpha 2024 Jan 26
SMAR Stock News Image - Seeking Alpha

I continue to expect growth to revert back to 30% as it gains market share from Excel users and converts free users to paid. Smartsheet's financial performance is exceeding expectations, with subscription revenue growing 24.9% and gross margin expanding to 83.7%. A long-term DCF model suggests a target price of $81 for SMAR, reflecting its strong growth and improving profit margin.

Seeking Alpha 2024 Jan 23
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