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Smartsheet (SMAR) Soars 5.5%: Is Further Upside Left in the Stock?
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Smartsheet (SMAR - Free Report) shares soared 5.5% in the last trading session to close at $47.81. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.9% gain over the past four weeks.
Smartsheet is benefiting from robust growth in its enterprise segment, with a 50% increase in customers with ARR more than $1 million in first quarter fiscal 2025 and increasing adoption of its AI tools.
This maker of a cloud-based work-management platform is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents a year-over-year change of +81.3%. Revenues are expected to be $274.06 million, up 16.3% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Smartsheet, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SMAR going forward to see if this recent jump can turn into more strength down the road.
Smartsheet is part of the Zacks Internet - Software industry. HubSpot (HUBS - Free Report) , another stock in the same industry, closed the last trading session 0.2% higher at $481.41. HUBS has returned -14.5% in the past month.
HubSpot's consensus EPS estimate for the upcoming report has changed +23.4% over the past month to $1.63. Compared to the company's year-ago EPS, this represents a change of +21.6%. HubSpot currently boasts a Zacks Rank of #4 (Sell).
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Smartsheet (SMAR) Soars 5.5%: Is Further Upside Left in the Stock?
Smartsheet (SMAR - Free Report) shares soared 5.5% in the last trading session to close at $47.81. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 9.9% gain over the past four weeks.
Smartsheet is benefiting from robust growth in its enterprise segment, with a 50% increase in customers with ARR more than $1 million in first quarter fiscal 2025 and increasing adoption of its AI tools.
This maker of a cloud-based work-management platform is expected to post quarterly earnings of $0.29 per share in its upcoming report, which represents a year-over-year change of +81.3%. Revenues are expected to be $274.06 million, up 16.3% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Smartsheet, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SMAR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Smartsheet is part of the Zacks Internet - Software industry. HubSpot (HUBS - Free Report) , another stock in the same industry, closed the last trading session 0.2% higher at $481.41. HUBS has returned -14.5% in the past month.
HubSpot's consensus EPS estimate for the upcoming report has changed +23.4% over the past month to $1.63. Compared to the company's year-ago EPS, this represents a change of +21.6%. HubSpot currently boasts a Zacks Rank of #4 (Sell).