BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet Inc. (NYSE: SMAR), the enterprise work management platform, today announced that it will release its financial results for its first quarter of fiscal year 2025, which ended April 30, 2024, after the close of U.S. financial markets on June 5, 2024. Smartsheet executives will host a conference call and webcast that day at 4:30 p.m. ET (1:30 p.m. PT) to discuss the results. The dial-in number to access the call will be (888) 440-6385 or (646) 960-0180 (outside of t ...

Smartsheet (SMAR) closed the last trading session at $37.67, gaining 0.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $50.13 indicates a 33.1% upside potential.The mean estimate comprises 16 short-term price targets with a standard deviation of $7.61. While the lowest estimate of $36 indicates a 4.4% decline from the current price level, the most optimistic analyst expects the ...

Smartsheet (SMAR) has been on a downward spiral lately with significant selling pressure. After declining 6.3% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 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) (State or other jurisdiction of incorporation or organization) (I.R.S. ...

Cecilie_Arcurs No matter what, it seems that some stocks are completely incapable of avoiding the so-called "penalty box." Each and every earnings quarter is read in a negative light, and momentum only works in the downward direction. It's these types of overlooked value plays, however, that can be the most appealing investments in an otherwise expensive stock market, and I have my eye on Smartsheet (NYSE:SMAR). The collaboration and work management tool has slipped more after releasing Q4 earnings, bri ...

Smartsheet CEO Mark Mader at the company’s ENGAGE customer conference in September 2023. (Smartsheet Photo)Business software company Smartsheet surpassed $1 billion in annualized recurring revenue in the fourth quarter, within the timeframe established by the company during its first analyst day as a public company in 2018.The milestone came despite caution from many companies about expanding their commitments to existing tech vendors, counteracted in part by interest in new efficiencies and capabilities fr ...

Financial Data and Key Metrics Changes - For the full fiscal year 2024, total revenue reached $958.3 million, representing a 25% year-over-year growth, while billings were $1.069 billion, up 20% year-over-year [14] - Non-GAAP operating income was $100.9 million, with an operating margin of 11%, and free cash flow was $144.5 million, reflecting a free cash flow margin of 15% [14] - In Q4, revenue was $256.9 million, a 21% increase year-over-year, with subscription revenue at $244 million, growing 23% year-over-year [37] Business Line Data and Key Metrics Changes - The number of customers with ARR over $50,000 grew 22% year-over-year to 3,924, while those with ARR over $100,000 increased by 28% year-over-year to 1,904 [16] - The dollar-based net retention rate was 116%, with a full churn rate of 4% [16] - Revenue from capabilities constituted 34% of subscription revenue in Q4 [37] Market Data and Key Metrics Changes - The enterprise segment showed strong performance, with 98 customers expanding their Smartsheet ARR by over $100,000 [26] - The company ended Q4 with 65 customers having ARR over $1 million, up from 45 a year ago [26] - The SMB segment faced challenges, with expectations of continued pressure in FY 2025 due to tighter domestic spending [34][91] Company Strategy and Development Direction - The company aims to refine and expand its go-to-market strategy and product innovation as it enters the post-$1 billion ARR growth phase [11] - There is a significant opportunity to capture market share by delivering AI-enhanced collaborative workflow solutions [12] - The company plans to unify go-to-market operations and product innovation under new leadership to drive growth [32] Management's Comments on Operating Environment and Future Outlook - Management noted that the macroeconomic environment has negatively impacted expansion, particularly in the SMB segment, which is expected to continue in FY 2025 [34][91] - The company is focused on reducing stock-based compensation as a percentage of revenue and expects this trend to continue [35] - Management expressed optimism about the potential of AI capabilities to enhance user productivity and drive adoption [113] Other Important Information - The company launched a free plan and self-discovery capabilities, which have shown steady growth and contributed to Q4 results [30] - The Chief Revenue Officer announced retirement, with plans for a smooth transition to a successor [31] - The company will standardize on ARR for non-financial metrics moving forward [36] Q&A Session Summary Question: Update on scalability/infrastructure enhancements - Management highlighted the importance of scale and administration in serving large companies, emphasizing the need for robust tooling [20] Question: Capital allocation and potential M&A - The company is considering capital allocation strategies, including buybacks and potential M&A opportunities [65] Question: Trends in SMB and enterprise demand - Management indicated that the SMB segment is expected to continue facing challenges, while enterprise growth remains strong [46][91] Question: AI product utilization by customers - Management noted strong interest in AI capabilities, with a significant portion of enterprise customers already leveraging these tools [48] Question: Areas for new leadership to address - The new leadership is expected to enhance go-to-market strategies and improve sales efficiency [50] Question: Factors stabilizing NRR - Management discussed initiatives aimed at improving NRR, including enhancing enterprise-grade features and AI capabilities [80] Question: Demand trends going into Q1 - February showed continued pressure on SMBs, which informed the company's guidance for the year [91]

Smartsheet (SMAR) reported $256.95 million in revenue for the quarter ended January 2024, representing a year-over-year increase of 21%. EPS of $0.34 for the same period compares to $0.07 a year ago.The reported revenue represents a surprise of +0.77% over the Zacks Consensus Estimate of $254.99 million. With the consensus EPS estimate being $0.18, the EPS surprise was +88.89%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

Smartsheet (SMAR) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 88.89%. A quarter ago, it was expected that this maker of a cloud-based work-management platform would post earnings of $0.08 per share when it actually produced earnings of $0.16, delivering a surprise of 100%.Over the ...

BELLEVUE, Wash.--(BUSINESS WIRE)--Smartsheet Inc. (NYSE: SMAR), the enterprise work management platform, today announced a series of strategic changes to its executive team as the company enters its post–$1 billion annualized recurring revenue (ARR) growth phase. Executive Leadership Updates for Next Phase of Growth Smartsheet today announced key changes to its executive leadership team focused on refining and expanding the strategy that underpins its Go-to-Market (GTM) and Product & Innovation efforts. ...