Smartsheet Inc. (NYSE:SMAR) cloud-based platform specialist, is expected to report second quarter earnings results, after market close, on Wednesday 2nd September 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.16 per share from revenue of $ 86.57 million.
Looking ahead, the full year loss are expected at $ 0.5 per share on the revenues of $ 364.64 million.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 86.00 million ~ $ 87.00 million
Full Year 2021 topline are forecasted in a range of$ 360.00 million ~ $ 370.00 million, where as bottomline are predicted in a range of $ -0.54 ~ $ -0.45 per share
Click Here For More Historical Outlooks Of Smartsheet Inc.
Previous Quarter Performance
Smartsheet Inc. recorded loss for the first quarter of $ 0.11 per share, from the revenue of $ 85.49 million. Wall street analysts are predicting, SMAR to report 1Q21 loss of $ 0.20 per share from revenue of $ 81.29 million. The bottom line results beat street analysts by $ 0.09 or 45.00 percent, at the same time, top line results outshined analysts by $ 4.20 million or 5.17 percent.
Stock Performance
Shares of Smartsheet Inc. traded up $ 3.77 or 6.92 percent on Tuesday, reaching $ 58.30 with volume of 2.25 million shares. The stock opened positive for the day at $ 54.93, after closing the previous day trading at $ 54.53.
According to the previous trading day, closing price of $ 54.53, representing a 76.42 % increase from the 52 week low of $ 30.91 and a 9.79 % decrease over the 52 week high of $ 60.45.
The company has a market capital of $ 6.98 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 27th July 2020, initiated by KeyBanc at Overweight rating, with $ 60.00 target price.
Conference Call
Smartsheet Inc. will be hosting a conference call at 4:30 PM eastern time on 2nd September 2020, to discuss its 2Q21 financial results with the investment community. The participants may dial, (877) 274-9243 Toll Free, (United States) or (647) 689-5417 Outside U.S., when prompted, enter passcode 4630988 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website 78449.choruscall.com/dataconf/productusers/smar/mediaframe/40202/indexr.html
Smartsheet Inc. provides cloud-based platform for execution of work. It enables teams and organizations to plan, capture, manage, automate, and report on work.
