Smartsheet (SMAR) To Report Q3 Earnings: What's In The Cards?
Zacks Investment Research | Nov 28, 2019 10:09PM ET
Smartsheet (NYSE:SMAR) is set to report third-quarter fiscal 2020 results on Dec 4.
For the fiscal third quarter, the company expects revenues between $69 million and $70 million, which calls for a rise of 47-49% year over year.
The Zacks Consensus Estimate for revenues is currently pegged at $69.7 million, which suggests 48.2% rally the year-ago quarter’s reported figure.
Moreover, the consensus mark for third-quarter loss has been steady at 18 cents per share in the past 30 days.
Notably, the company beat the Zacks Consensus Estimate for earnings in all of the trailing four quarters, the average positive surprise being 44.3%.
In the last reported quarter, Smartsheet reported adjusted loss of 8 cents per share, which is narrower than the Zacks Consensus Estimate of a loss of 16 cents.
Moreover, net revenues surged 53.8% from the year-ago quarter’s level to $64.6 million and beat the consensus mark by 1.8%.
Let’s discuss the factors that are likely to get reflected in the upcoming quarterly results.
Smartsheet Inc. Price and EPS Surprise
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