For the quarter ended July 2023, Smartsheet (SMAR) reported revenue of $235.59 million, up 26.2% over the same period last year. EPS came in at $0.16, compared to -$0.10 in the year-ago quarter.
The reported revenue represents a surprise of +2.72% over the Zacks Consensus Estimate of $229.34 million. With the consensus EPS estimate being $0.08, the EPS surprise was +100.00%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company’s financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock’s price performance more accurately.
Here is how Smartsheet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Calculated Billings: $243141 thousand versus the four-analyst average estimate of $228053.3 thousand.
- Revenue- Subscription: $221.52 million versus $215.26 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +27.7% change.
- Revenue- Professional services: $14.06 million versus $14.08 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +6.9% change.
View all Key Company Metrics for Smartsheet here>>>
Shares of Smartsheet have returned +1.8% over the past month versus the Zacks S&P 500 composite’s -0.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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