Smartsheet Inc. (SMAR - Free Report) is set to report first-quarter fiscal 2020 results on Jun 5.
Notably, the company’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, with the average positive surprise being 42.5%.
The company reported fourth-quarter fiscal 2019 non-GAAP loss of 7 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 14 cents and the year-ago quarter’s loss of 8 cents. Revenues surged 58.2% year over year to $52.2 million and surpassed the Zacks Consensus Estimate of $50 million.
Moreover, customers with annualized contract value (ACV) of more than $50,000 jumped 135% year over year to 444 in the same period.
Smartsheet Inc. Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Smartsheet Inc. (SMAR - Free Report) is set to report first-quarter fiscal 2020 results on Jun 5.
Notably, the company’s earnings beat the Zacks Consensus Estimate in the trailing four quarters, with the average positive surprise being 42.5%.
The company reported fourth-quarter fiscal 2019 non-GAAP loss of 7 cents per share, which was narrower than the Zacks Consensus Estimate of a loss of 14 cents and the year-ago quarter’s loss of 8 cents. Revenues surged 58.2% year over year to $52.2 million and surpassed the Zacks Consensus Estimate of $50 million.
Moreover, customers with annualized contract value (ACV) of more than $50,000 jumped 135% year over year to 444 in the same period.
Smartsheet Inc. Price and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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