Smartsheet (NYSE:SMAR) reported its Q4 earnings results on Tuesday, March 15, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Smartsheet beat estimated earnings by 20.0%, reporting an EPS of $-0.12 versus an estimate of $-0.15.
Revenue was up $47.52 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.07 which was followed by a 7.82% increase in the share price the next day.
Here's a look at Smartsheet's past performance:
| Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.10 | -0.13 | -0.14 | -0.13 |
| EPS Actual | -0.03 | -0.05 | -0.09 | -0.04 |
| Revenue Estimate | 139.49M | 125.51M | 111.81M | 102.72M |
| Revenue Actual | 144.63M | 131.74M | 117.08M | 109.87M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Smartsheet management provided guidance for their next quarter, expecting earnings between $-0.2 and $-0.18 per share for the next quarter.
This represents a -58.33% in quarter-over-quarter growth for Smartsheet, a bearish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
