Smartsheet Stock Forecast, Price & News (NYSE:SMAR)

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Earnings results for Smartsheet Stock Forecast, Price & News (NYSE:SMAR)

Smartsheet Inc. is expected* to report earnings on 09/02/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.34. The reported EPS for the same quarter last year was $-0.16.

Smartsheet last announced its earnings data on June 3rd, 2020. The reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.08. The business earned $85.50 million during the quarter, compared to analyst estimates of $81.40 million. Its quarterly revenue was up 52.1% on a year-over-year basis. Smartsheet has generated ($0.82) earnings per share over the last year. Smartsheet has confirmed that its next quarterly earnings report will be published on Wednesday, September 2nd, 2020.

Analyst Opinion on Smartsheet Stock Forecast, Price & News (NYSE:SMAR)

16 Wall Street analysts have issued ratings and price targets for Smartsheet in the last 12 months. Their average twelve-month price target is $53.25, predicting that the stock has a possible downside of 10.38%. The high price target for SMAR is $67.00 and the low price target for SMAR is $45.00. There are currently 6 hold ratings and 10 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Smartsheet has received a consensus rating of Buy. The company’s average rating score is 2.63, and is based on 10 buy ratings, 6 hold ratings, and no sell ratings. According to analysts’ consensus price target of $53.25, Smartsheet has a forecasted downside of 10.4% from its current price of $59.42. Smartsheet has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Smartsheet Stock Forecast, Price & News (NYSE:SMAR)

Smartsheet does not currently pay a dividend. Smartsheet does not have a long track record of dividend growth.

Insiders buying/selling: Smartsheet Stock Forecast, Price & News (NYSE:SMAR)

In the past three months, Smartsheet insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $21,115,568.00 in company stock. Only 10.20% of the stock of Smartsheet is held by insiders. 99.21% of the stock of Smartsheet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Smartsheet Stock Forecast, Price & News (NYSE:SMAR

Earnings for Smartsheet are expected to grow in the coming year, from ($1.16) to ($1.13) per share. The P/E ratio of Smartsheet is -66.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Smartsheet is -66.76, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Smartsheet has a P/B Ratio of 13.66. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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