Smartsheet Sees Q3 Adj. EPS $0.08-$0.09 vs $0.07 Est., Total Revenue $240M-$242M vs $241.24M Est.; Sees FY24 Adj. EPS $0.53-$0.57 vs $0.42 Est., Total Revenue $950M-$953M vs $945.8M Est.
Portfolio Pulse from Bill Haddad
Smartsheet has projected its Q3 adjusted EPS to be between $0.08-$0.09, higher than the estimated $0.07. The company also expects its total revenue to be between $240M-$242M, slightly below the estimated $241.24M. For FY24, Smartsheet anticipates its adjusted EPS to be $0.53-$0.57, higher than the estimated $0.42, and total revenue to be $950M-$953M, higher than the estimated $945.8M.
September 07, 2023 | 8:09 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Smartsheet's higher than expected Q3 and FY24 adjusted EPS and total revenue projections may positively impact its stock price.
Smartsheet's projected earnings and revenue for Q3 and FY24 exceed estimates, which is generally seen as a positive signal by investors. This could lead to increased demand for the stock, potentially driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100