SMAR Stock Recent News

Smartsheet (SMAR) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to loss of $0.01 per share a year ago.

Smartsheet has become a GARP story as its growth has decelerated and valuations have compressed. The company's Q2 earnings release should have alleviated investor concerns, with reaffirmed billings growth and strong profitability. Smartsheet is gaining market share in the workflow management space and is expected to continue growing in the future.

Smartsheet (SMAR) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Smartsheet easily outperformed all of its guidance metrics for its fiscal second quarter and raised its full-year outlook. The company says its scalability has helped drive strong demand.

Smartsheet Inc. (NYSE:SMAR) stock was up over 6% on expectation beating second quarter results. The software company generated $235.6 million of revenue, ahead of an analyst consensus forecast of $229.6 milllion.

Smartsheet Inc. (NYSE:SMAR ) Q2 2024 Earnings Conference Call September 7, 2024 4:30 PM ET Company Participants Aaron Turner - Head, Investor Relations Mark Mader - Chief Executive Officer Pete Godbole - Chief Financial Officer Conference Call Participants Terry Tillman - Truist Securities Josh Baer - Morgan Stanley Jacob Roberge - William Blair Tamjid Chowdhury - Guggenheim Securities Pinjalim Bora - JPMorgan Ethan Bruck - Wolfe Research Brent Thill - Jefferies & Company Scott Berg - Needham Keith Bachman - BMO Capital Markets Michael Berg - Wells Fargo Jackson Ader - MoffettNathanson Jason Celino - KeyBanc Capital Markets Robert Simmons - D.A. Davidson Pete Newton - Barclays Operator Good afternoon.

Smartsheet shares rose 6% in after-hours trading Thursday after the Bellevue, Wash.

While the top- and bottom-line numbers for Smartsheet (SMAR) give a sense of how the business performed in the quarter ended July 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Smartsheet (SMAR) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to loss of $0.10 per share a year ago.

Smartsheet reported second-quarter earnings, revenue and billings that topped Wall Street estimates. SMAR stock climbed on the news.