Smartsheet: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Smartsheet (NYSE:SMAR) reported Q3 earnings with an EPS of $0.16, surpassing the estimate of $0.09 by 77.78%. Revenue increased by $46.34 million compared to the same period last year. The company's stock price had previously risen by 6.62% the day after beating last quarter's EPS estimate by $0.09.
December 07, 2023 | 9:15 pm
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Smartsheet reported a strong Q3 with EPS of $0.16, beating estimates by 77.78%, and a significant year-over-year revenue increase. Historically, the stock has risen following positive earnings surprises.
Given Smartsheet's history of stock price increases following earnings beats, and the substantial beat this quarter, it is likely that the stock will experience a short-term positive impact. The magnitude of the beat and the revenue growth are significant factors that investors typically respond positively to.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100