Recap: Samsara Q3 Earnings
Portfolio Pulse from Benzinga Insights
Samsara (NYSE:IOT) reported Q3 earnings with an EPS of $0.04, surpassing estimates by 300% against an expected $0.01. Revenue increased by $67.70 million year-over-year. The company's stock price had previously risen by 13.05% following a positive earnings surprise last quarter. Historical earnings data shows a trend of beating EPS estimates and growing revenues over the past four quarters.
November 30, 2023 | 9:15 pm
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POSITIVE IMPACT
Samsara's Q3 earnings beat with a 300% higher EPS than expected and significant revenue growth could lead to a positive short-term impact on its stock price, continuing the trend from the last quarter.
Given Samsara's history of stock price increase following a positive earnings surprise last quarter, and the substantial beat on both EPS and revenue growth this quarter, it is likely that the stock will experience a similar positive short-term reaction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100