Smartsheet Inc. (SMAR) provides enterprise platform to plan, capture, manage, automate, and report on work for teams and organizations.
The company offers Smartsheet, which includes Dashboards, Cardview, Grid, Reports, Projects, Calendar, Forms, Automations, and Integrations; WorkApps enables customers to build user-friendly apps; Smartsheet Advance; Connectors provides embedded integrations with industry-leading systems of record; Control Center enables organizations to achieve consistent work execution; and Dynamic View enables business users to collaborate confidentially with vendors.
The company provides Data Shuttle allows business users to upload or offload data between Smartsheet and other existing systems and databases; Bridge to build intelligent workflows and automate business processes across platforms; Resource Management enables businesses to plan and allocate resources; Brandfolder, a digital asset management solution; and Calendar, Pivot, and DataMesh apps.
It serves aerospace, automotive, biotechnology, consumer, e-commerce, education, finance, government, healthcare, IT services, marketing, media, non-profit, publishing, software, technology, and travel sectors.
Shares have formed a bullish "cup and handle" and are expected to move higher from this formation. On March 14th, SMAR reported Quarter January 2023 earnings of $0.05 per share on revenue of $212.3 million. The consensus estimate was a loss of $0.01 per share on revenue of $206.3 million. Revenue grew 34.9% on a year-over-year basis.
Guided Higher: The company said it expects first quarter non-GAAP earnings of $0.08 to $0.09 per share on revenue of $213.0 million to $215.0 million. The previous consensus estimate was a loss of $0.06 per share on revenue of $217.64 million for the quarter ending April 30, 2023.
The company reports June 7th.
Entry Point: $45.25
Stop Loss: $43.00
Trading Range: $25.09 to $48.99
Target Price: $49.75