-$0.14 EPS Expected for Smartsheet Inc (SMAR) This Quarter

Equities research analysts expect Smartsheet Inc (NYSE:SMAR) to report ($0.14) earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Smartsheet’s earnings. The lowest EPS estimate is ($0.14) and the highest is ($0.13). The company is expected to issue its next earnings results on Monday, September 3rd.

According to Zacks, analysts expect that Smartsheet will report full-year earnings of ($0.57) per share for the current year, with EPS estimates ranging from ($0.58) to ($0.56). For the next year, analysts forecast that the company will report earnings of ($0.62) per share, with EPS estimates ranging from ($0.65) to ($0.59). Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Smartsheet.

Smartsheet (NYSE:SMAR) last released its earnings results on Monday, June 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.06. The company had revenue of $36.30 million during the quarter, compared to analyst estimates of $33.24 million. Smartsheet’s quarterly revenue was up 63.5% compared to the same quarter last year.

A number of research analysts recently weighed in on the company. Morgan Stanley upped their price objective on Smartsheet from $24.00 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, June 6th. Canaccord Genuity reaffirmed a “buy” rating and set a $29.00 price objective (up previously from $23.00) on shares of Smartsheet in a report on Tuesday, June 5th. Jefferies Financial Group upped their price objective on Smartsheet to $31.00 and gave the stock a “buy” rating in a report on Tuesday, June 5th. Royal Bank of Canada assumed coverage on Smartsheet in a report on Tuesday, May 22nd. They set an “outperform” rating and a $24.00 price objective on the stock. Finally, SunTrust Banks assumed coverage on Smartsheet in a report on Tuesday, May 22nd. They set a “buy” rating and a $24.00 price objective on the stock. Seven investment analysts have rated the stock with a buy rating, Smartsheet has a consensus rating of “Buy” and an average price target of $26.83.

Smartsheet opened at $26.48 on Friday, Marketbeat reports. Smartsheet has a 12-month low of $18.06 and a 12-month high of $32.79.

In other Smartsheet news, Director Brent Frei sold 500,000 shares of the company’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $15.00, for a total value of $7,500,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Smartsheet Company Profile

Smartsheet Inc provides cloud-based platform for execution of work. It enables teams and organizations to plan, capture, manage, automate, and report on work. The company offers Smartdashboards that provides the status of work to align individuals, managers, and executives; Smartportals to easily locate and access from any device the resources available for a project without IT assistance; Smartcards to organize, share, and act on workflows; and Smartgrids to keep teams on task by easily tracking multiple moving parts.

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Earnings History and Estimates for Smartsheet (NYSE:SMAR)

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