Smartsheet Sets to Report Q1 Earning Results on June 7th
June 5, 2023
🌥️Smartsheet Inc., a cloud-based platform for work management and automation, is set to report its Q1 earnings results on June 7th, 2023 at 4:30 PM EST. As the date draws near, investors are eagerly anticipating the company’s financial report.
The world of work is rapidly changing and Smartsheet has been at the forefront of this digital transformation. The company’s software enables users to manage their work processes and collaborate with teams in real-time, streamlining workflows and increasing efficiency. Given its innovative approach to work, Smartsheet has the potential to be a gamechanger in the industry.
With the company’s upcoming earnings call, let’s take a closer look at the relevant data to determine what to expect from Smartsheet’s Q1 report.
Fundamental Analysis
| ReportDate | NetIncome | TotalRevenue | DilutedEPS | unit | |
|---|---|---|---|---|---|
| Q4 | 2023-01-31 | -42.7 | 212.3 | -0.33 | million USD |
| Q3 | 2022-10-31 | -40.1 | 199.6 | -0.31 | million USD |
| Q2 | 2022-07-31 | -62.3 | 186.7 | -0.48 | million USD |
| Q1 | 2022-04-30 | -70.5 | 168.3 | -0.55 | million USD |
| Q4 | 2022-01-31 | -53.1 | 157.4 | -0.42 | million USD |
One of the key indicators of a company’s health is its financials. According to Smartsheet’s past year financials, its net income has decreased over the last five quarters. However, its total revenue has continued to increase with each quarter, indicating that despite the dip in earnings, the company continues to grow its top line. Additionally, analysts estimate that Smartsheet’s earnings per share (EPS) will improve in Q1 2023 to -$0.27 per share.
Technical Analysis
| since | low | high | change | change% | |
|---|---|---|---|---|---|
| 1D | 2023-05-30 | 47.6 | 49.6 | 0.2 | 0.5 |
| 5D | 2023-05-23 | 45.8 | 49.6 | 1.5 | 3.2 |
| 1M | 2023-04-28 | 38.8 | 49.6 | 7.2 | 17.6 |
| 3M | 2023-02-28 | 37.1 | 49.6 | 4.1 | 9.2 |
Over the past three months, Smartsheet’s stock price has been performing well, with the company seeing an increase of 17.6% over the month of April and a steady climb since then. While there has been minimal change in the stock price over the last five days leading up to the earning call, the recent upward trend is a positive sign for investors.
Historical Guidance
Looking back at historical data can provide insight into how a company may perform in the future. Over the past five quarters, Smartsheet has seen a steady increase in its total revenue, from $157.4 million in Q4 2022 to $212.3 million in Q4 2023. While there has been a dip in net income, this can be attributed to the company’s investments in growth initiatives.
Analysts Estimates
The consensus estimate for Smartsheet’s Q1 2023 earnings call is -$0.27 per share, up from the -$0.33 per share reported in Q4 2023. This aligns with the company’s historical trend of increasing revenue and decreasing net income over time. Additionally, with recent positive news sentiment regarding the upcoming earnings call, it seems that analysts and investors are optimistic about Smartsheet’s future growth potential.
Conclusion
In conclusion, Smartsheet’s upcoming earnings call presents an exciting opportunity to gain insight into the company’s financials and trajectory. While the company has seen a dip in net income over the past year, its steady increase in total revenue and positive stock trend over the past few months is reason for optimism. Additionally, with analysts estimating an improvement in EPS, and recent news sentiment mainly positive, investors have reason to tune in to Smartsheet’s Q1 earnings report on June 7th. The world of work is transforming rapidly and Smartsheet could be a gamechanger in this industry.
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