Smartsheet(US:SMAR) ZACKS·2024-12-05 23:30Company Performance - Smartsheet reported quarterly earnings of $0.43 per share, exceeding the Zacks Consensus Estimate of $0.30 per share, and up from $0.16 per share a year ago, representing an earnings surprise of 43.33% [1] - The company achieved revenues of $286.87 million for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 1.14% and increasing from $245.92 million year-over-year [2] - Over the last four quarters, Smartsheet has consistently surpassed consensus EPS and revenue estimates [2] Stock Performance - Smartsheet shares have increased approximately 17.3% since the beginning of the year, while the S&P 500 has gained 27.6% [4] - The current Zacks Rank for Smartsheet is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.33 on revenues of $295.71 million, and for the current fiscal year, it is $1.39 on revenues of $1.12 billion [8] - The estimate revisions trend for Smartsheet is currently mixed, which may change following the recent earnings report [7] - The Internet - Software industry, to which Smartsheet belongs, is ranked in the top 16% of over 250 Zacks industries, suggesting a favorable outlook for the sector [9]