Smartsheet Q3 Adj EPS $0.16 Beats $0.09 Estimate, Sales $245.92M Beat $241.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
Smartsheet Inc. (SMAR) exceeded Q3 earnings and sales estimates, with an adjusted EPS of $0.16, surpassing the $0.09 forecast, and sales of $245.92M, beating the $241.69M estimate. This represents a significant improvement from the previous year's loss of $(0.01) per share and a 23.22% increase in sales from $199.58M.
December 07, 2023 | 9:08 pm
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Smartsheet's Q3 results with an EPS of $0.16 and sales of $245.92M exceeded expectations, indicating strong growth and operational performance.
Smartsheet's significant beat on both earnings and sales estimates is likely to instill investor confidence and could lead to a short-term uptick in the stock price. The substantial year-over-year growth in sales and the turnaround from a loss to a profit are strong indicators of the company's improving financial health and operational efficiency.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100