SMAR Stock Recent News

Smartsheet Inc. (NYSE:SMAR ) Q1 2025 Earnings Conference Call June 5, 2024 4:30 PM ET Company Participants Aaron Turner - Head of Investor Relations Mark Mader - President and Chief Executive Officer Pete Godbole - Chief Financial Officer Conference Call Participants John DiFucci - Guggenheim Securities Scott Berg - Needham & Company Joshua Baer - Morgan Stanley Terry Tillman - Truist Securities Rishi Jaluria - RBC Capital Markets Alex Zukin - Wolfe Research George Iwanyc - Oppenheimer Michael Berg - Wells Fargo Brent Thill - Jefferies George Kurosawa - Citi Pinjalim Bora - JPMorgan DJ Hynes - Canaccord Genuity Kyle Diehl - KeyBanc Capital Markets Taylor McGinnis - UBS Operator Ladies and gentlemen, good afternoon, and thank you for standing by. My name is Abby and I will be your conference operator today.

Smartsheet (SMAR) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.18 per share a year ago.

Smartsheet Inc. delivered an upbeat earnings outlook, sending shares of the software maker more than 10% higher in Wednesday's extended session.

BELLEVUE, Wash.--(BUSINESS WIRE)---- $SMAR #earnings--Smartsheet Inc. Announces First Quarter Fiscal Year 2025 Results.

While Excel gives Microsoft Co. NASDAQ: MSFT the dominating position in data analysis and visualization software, as it is globally accepted through education and corporations, it is far from perfect. Regarding project management, platforms like Smartsheet Inc. NYSE: SMAR take the lead but aren't as widely followed as other peers like Salesforce Inc. NYSE: CRM.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Smartsheet (SMAR), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended April 2024.

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet Inc. (NYSE: SMAR), the enterprise work management platform, today announced that it will release its financial results for its first quarter of fiscal year 2025, which ended April 30, 2024, after the close of U.S. financial markets on June 5, 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) 960-0180.

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.

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.

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.