Earnings Outlook For Smartsheet
Portfolio Pulse from Benzinga Insights
Smartsheet (NYSE:SMAR) is expected to release its quarterly earnings report on Thursday, 2023-12-07, with analysts predicting an EPS of $0.09. Investors are looking for an earnings beat and positive guidance for future growth. Historically, Smartsheet has experienced significant stock price movements following earnings reports, with increases as high as 17.77% and decreases up to 17.47%. The stock is currently trading at $45.26, up 24.18% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
December 06, 2023 | 2:01 pm
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Smartsheet is anticipated to report quarterly earnings with an EPS estimate of $0.09. Past earnings have led to significant stock movements, and shares have risen 24.18% over the past year, indicating positive investor sentiment.
Given Smartsheet's history of stock price increases following earnings beats and the current positive trend over the last year, there is a likelihood of a short-term positive impact on SMAR's stock price if the company reports a higher than expected EPS and provides favorable guidance. However, the market's reaction can be unpredictable and may also heavily weigh on the guidance provided.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100