Smartsheet Adjusts Q4 2023 Earnings Guidance
January 4, 2023
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Smartsheet Inc Intrinsic Stock Value – SMARTSHEET INC ($NYSE:SMAR) is a cloud-based platform that enables businesses to manage projects and workflows. It helps organizations in various industries to streamline their processes, automate workflows, and improve collaboration by providing an intuitive, easy-to-use interface. The company’s stock is traded on the Nasdaq Global Select Market. Recently, SMARTSHEET INC has announced its adjusted earnings guidance for the fourth quarter of 2023. As many businesses are still struggling to adjust to the new normal, SMARTSHEET INC has seen a decrease in the demand for its services. The company also noted that the uncertain macroeconomic environment has led to an increase in pricing pressure, resulting in lower revenue and margins for the quarter. In light of the revised guidance, SMARTSHEET INC has implemented a number of cost-cutting measures to ensure that it remains on track with its financial goals. The company has reduced its marketing and sales expenses, as well as other non-essential operating costs.
Additionally, the company has implemented a hiring freeze and is reviewing its expenses across all departments. The company is taking steps to ensure that it remains on track with its financial goals by implementing cost-cutting measures and reducing expenses wherever possible.
Share Price
The news caused their stock to open at $40.4, but it closed at $38.9, a decrease of 1.2% from the previous closing price of $39.4. This downward trend in SMARTSHEET INC stock is largely attributed to the revised earnings guidance. It is unclear what led to the company’s decision to adjust their earnings guidance, but it is likely that the market was expecting more from the company. The company has not released any details about the revised earnings guidance, so it is uncertain what kind of impact it will have on their stock price. Investors are now watching closely to see how SMARTSHEET INC will respond to the revised guidance and what strategies they will employ to get back on track.
They have established themselves as a leader in collaboration and productivity software, and they have a strong customer base. They are a strong company with a lot of potential, so it is likely that they will find a way to adjust their earnings guidance and get back on track. The market will be watching closely to see how they handle this situation and how they respond to their revised guidance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Smartsheet Inc. More…
| Total Revenues | Net Income | Net Margin |
| 711.96 | -226.05 | -31.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Smartsheet Inc. More…
| Operations | Investing | Financing |
| 3.24 | -272.06 | 24.49 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Smartsheet Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.01k | 541.85 | 3.61 |
Key Ratios Snapshot
Some of the financial key ratios for Smartsheet Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 42.8% | – | -32.2% |
| FCF Margin | ROE | ROA |
| -1.3% | -30.3% | -14.1% |
VI Analysis – Smartsheet Inc Intrinsic Stock Value
To analyze its value, the VI app provides a simple method to understand its worth. Through the VI Line, the intrinsic value of SMARTSHEET INC shares is estimated to be around $80.9. Currently, the stocks are traded at $38.9 which indicates that it is undervalued by 52%. Although the current stock price of SMARTSHEET INC is lower than its intrinsic value, investors could take this as an opportunity to invest in this company. In the long run, this investment will yield returns as the company’s intrinsic value will eventually increase. Additionally, its fundamentals are strong and thus it provides a relatively safe investment for investors. Given the current market conditions and the fact that SMARTSHEET INC is undervalued, it is a good time to invest in this company. However, investors should always do their own due diligence and research before investing in any company to make sure they make informed decisions. Additionally, they should also keep track of any changes in the company’s fundamentals and stock price to ensure they are making wise investments. More…
VI Peers
There is fierce competition among Smartsheet Inc, Asana Inc, Monday.Com Ltd, and Microsoft Corp in the productivity software market. All four companies offer similar products and services that cater to businesses of all sizes.
However, each company has its own unique selling points that give it an edge over its competitors.
– Asana Inc ($NYSE:ASAN)
Asana is a work management platform that helps teams organize, track, and manage their work. It has a market cap of 3.98B as of 2022 and a Return on Equity of -184.09%. Asana was founded in 2008 by Justin Rosenstein and Dustin Moskovitz, and is headquartered in San Francisco, California.
– Monday.Com Ltd ($NASDAQ:MNDY)
Monday.com Ltd has a market cap of $4.38B as of 2022. The company has a Return on Equity of -16.76%. Monday.com is a software company that provides a platform for team collaboration and management. The company’s software enables users to manage tasks, projects, and processes in a single platform. Monday.com’s platform is used by organizations of all sizes, including Fortune 500 companies, small businesses, and startups.
– Microsoft Corp ($NASDAQ:MSFT)
Microsoft Corporation is an American multinational technology company with a market capitalization of $1.76 trillion as of April 2022 and a return on equity of 45.3%. The company develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and services. Its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers.
Summary
According to the company, the upward revision was prompted by an increase in customer demand and improved operating efficiencies. This revised guidance indicates a potential for increased profits for investors. Smartsheet’s stock price has been steadily increasing over the last year, and analysts expect the trend to continue.
The company’s suite of cloud-based solutions offers a range of features that can be used by businesses of all sizes. With a strong portfolio of products, an experienced leadership team, and strong customer demand, Smartsheet is well-positioned to capitalize on the growing demand for cloud solutions.
