Smartsheet stock is surging after its Q2 report, and investors are betting a buyout could be on the horizon. Smartsheet (SMAR 7.01%) stock is posting big gains in Friday's trading. The productivity and collaboration software specialist's share price was up 5.8% as of 12:30 p.m. ET, according to data from S&P Global Market Intelligence. Smartsheet stock is climbing after the company published better-than-expected results for the second quarter of its 2025 fiscal year (which ended July 31). Today's bullish mo ...

Shares of Smartsheet (SMAR) have been strong performers lately, with the stock up 8.5% over the past month. The stock hit a new 52-week high of $51.42 in the previous session. Smartsheet has gained 3.2% since the start of the year compared to the 16.5% move for the Zacks Computer and Technology sector and the 13.4% return for the Zacks Internet - Software industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estim ...

Smartsheet Inc. SMAR posted better-than-expected second-quarter financial results and raised its FY25 EPS outlook on Thursday. Smartsheet reported quarterly earnings of 44 cents per share which beat the analyst consensus estimate of 29 cents per share. The company reported quarterly sales of $276.41 million which beat the analyst consensus estimate of $274.19 million. "Q2 was a strong quarter highlighted by continued growth in the enterprise," said Mark Mader, CEO of Smartsheet. "Our customers are scaling t ...

Core Viewpoint - Smartsheet (SMAR) reported quarterly earnings of $0.44 per share, exceeding the Zacks Consensus Estimate of $0.29 per share, and showing significant growth from $0.16 per share a year ago, resulting in an earnings surprise of 51.72% [1] Group 1: Earnings Performance - The company has consistently surpassed consensus EPS estimates over the last four quarters [2] - Smartsheet's revenues for the quarter ended July 2024 were $276.41 million, exceeding the Zacks Consensus Estimate by 0.86% and up from $235.59 million year-over-year [2] Group 2: Stock Performance and Outlook - Smartsheet shares have declined approximately 1% year-to-date, contrasting with the S&P 500's increase of 15.7% [3] - The future performance of the stock will largely depend on management's commentary during the earnings call and the earnings outlook [4][6] Group 3: Earnings Estimates and Industry Context - The current consensus EPS estimate for the upcoming quarter is $0.30 on revenues of $284.42 million, and for the current fiscal year, it is $1.26 on revenues of $1.12 billion [7] - The Internet - Software industry, to which Smartsheet belongs, is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8]

Smartsheet Inc (SMAR) is slated to report second-quarter fiscal 2025 results on Sept. 5. For the fiscal second quarter, SMAR expects revenues in the range of $273-$275 million, suggesting 16-17% year-over-year growth. The Zacks Consensus Estimate for fiscal second-quarter revenues is pegged at $274.06 million, indicating a rise of 16.33% from the figure reported in the year-ago quarter. The consensus estimate for fiscal second-quarter earnings is pegged at 29 cents per share, unchanged in the past 30 days. ...

Daniel Grizelj/DigitalVision via Getty Images Smartsheet (NYSE:SMAR) is a well-established player in the competitive Project and Work Management [PWM] software space with its easy-to-use platform, especially popular among large enterprises. For long, I've been arguing that Smartsheet has a strong business model, being able to operate as a Rule of 40 company in the longer run, thanks to its sticky PWM platform. In my latest article on the company, I concluded: Smartsheet tests the patience of investors, but ...

Smartsheet (SMAR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Individual inv ...

For the quarter ended April 2024, Smartsheet (SMAR) reported revenue of $262.98 million, up 19.6% over the same period last year. EPS came in at $0.32, compared to $0.18 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $258.06 million, representing a surprise of +1.91%. The company delivered an EPS surprise of +18.52%, with the consensus EPS estimate being $0.27. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38464 Smartsheet Inc. (Exact name of Registrant as specified in its charter) Washington 20-2954357 (State or other jurisdiction of incorporati ...

Shares of Smartsheet Inc (NYSE:SMAR) are soaring today, up 18.7% at $44.85 at last look, following the software name's better-than-expected first-quarter results. No fewer than 11 analysts raised their price targets after the event, while Needham reaffirmed its "buy" rating. Should SMAR remain above a 17.8% gain today, it will beat out its March 15, 2023 win for its largest singleday percentage gain ever. Jumping above the 320-day moving average, which rejected the stock's May rally, the stock is trading at ...