Samsara Raises FY25 Total Revenue Outlook From $1.205B – $1.213B To $1.224B - $1.228B (Est $1.213B), Adj EPS Forecast From $0.13 – $0.15 To $0.16 – $0.18 (Est $0.13)
Portfolio Pulse from Benzinga Newsdesk
Samsara has raised its fiscal year 2025 total revenue outlook from $1.205 billion – $1.213 billion to $1.224 billion - $1.228 billion, surpassing the estimated $1.213 billion. Additionally, the adjusted EPS forecast has been increased from $0.13 – $0.15 to $0.16 – $0.18, exceeding the estimated $0.13.
September 05, 2024 | 8:23 pm
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POSITIVE IMPACT
Samsara has increased its FY25 revenue and EPS forecasts, both surpassing market estimates. This positive revision indicates strong business performance and could lead to a favorable market reaction.
The upward revision of both revenue and EPS forecasts suggests that Samsara is performing better than expected. This is likely to be viewed positively by investors, potentially driving the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100