Smartsheet Inc. Posts Strong Quarterly Results, Beating Expectations

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Smartsheet($NYSE:SMAR) Inc posted strong quarterly results, beating expectations. The company’s press release showed that its Q2 non-GAAP EPS of -$0.10 beat analysts’ estimates by $0.10, while its revenue of $186.7M beat estimates by $6.14M. This strong performance is likely to have a positive impact on Smartsheet’s market and earnings in the long term. analysts expect the company to continue to grow at a healthy pace, driven by strong demand for its products and services.

Price History

The company’s stock opened at $32.0 and closed at $30.8. Smartsheet’s strong results were driven by continued growth in its core business. The company added new customers and expanded its relationships with existing customers. Smartsheet also benefited from favorable currency exchange rates.

VI Analysis

A company’s fundamentals reflect its long term potential. The below analysis on SMARTSHEET INC. is made simple by VI app. According to VI Star Chart, SMARTSHEET INC. is strong in asset and growth, and weak in dividend and profitability. SMARTSHEET INC. is classified as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. High growth companies are deemed more volatile as they attempt to grow faster. SMARTSHEET INC. has an intermediate health score of 5/10 considering its cashflows and debt. The company is likely to safely ride out any crisis without the risk of bankruptcy.

Summary

However, the stock price moved down the same day, as investors may be concerned about the company’s guidance for the full year. Despite the strong quarterly results, shares of Smartsheet were down about 5% in trading on Thursday. Investors may be concerned about the company’s guidance for the full year, which came in below expectations. Smartsheet is a leading provider of cloud-based work management and collaboration solutions. The company’s platform enables organizations of all sizes to plan, track, automate, and report on work across the business, from any device.