Smartsheet Inc. (SMAR) PT Raised to $52 at Citi

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Smartsheet (SMAR) gains 6% after earnings beat; Reactions positive

September 8, 2023 7:34 AM EDT

Smartsheet (NYSE: SMAR) results gained 6.5% in pre-market Friday after the company reported better-than-expected second-quarter results.

For Q3 FY2024, Smartsheet expects earnings per share in the range of $0.08 to $0.09, surpassing the consensus estimate of $0.07. The revenue projection is between $240 million and $242 million, slightly different from the consensus of $241.2 million.

Looking at the full fiscal year 2024, Smartsheet anticipates EPS to fall within the range of $0.53 to $0.57, which is notably higher... More