We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Samsara Inc. (IOT) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
Samsara Inc. (IOT - Free Report) ended the recent trading session at $41.55, demonstrating a -0.34% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.32%. On the other hand, the Dow registered a gain of 0.16%, and the technology-centric Nasdaq decreased by 0.85%.
The the stock of company has risen by 11.14% in the past month, leading the Computer and Technology sector's loss of 1% and the S&P 500's gain of 1.52%.
The upcoming earnings release of Samsara Inc. will be of great interest to investors. The company's earnings report is expected on September 5, 2024. The company is forecasted to report an EPS of $0.01, showcasing no movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $289.35 million, indicating a 31.97% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.13 per share and revenue of $1.21 billion, indicating changes of +85.71% and +29.2%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Samsara Inc. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Samsara Inc. currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Samsara Inc. is at present trading with a Forward P/E ratio of 312.67. This denotes a premium relative to the industry's average Forward P/E of 29.35.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 100, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Samsara Inc. (IOT) Dips More Than Broader Market: What You Should Know
Samsara Inc. (IOT - Free Report) ended the recent trading session at $41.55, demonstrating a -0.34% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.32%. On the other hand, the Dow registered a gain of 0.16%, and the technology-centric Nasdaq decreased by 0.85%.
The the stock of company has risen by 11.14% in the past month, leading the Computer and Technology sector's loss of 1% and the S&P 500's gain of 1.52%.
The upcoming earnings release of Samsara Inc. will be of great interest to investors. The company's earnings report is expected on September 5, 2024. The company is forecasted to report an EPS of $0.01, showcasing no movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $289.35 million, indicating a 31.97% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.13 per share and revenue of $1.21 billion, indicating changes of +85.71% and +29.2%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Samsara Inc. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Samsara Inc. currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Samsara Inc. is at present trading with a Forward P/E ratio of 312.67. This denotes a premium relative to the industry's average Forward P/E of 29.35.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 100, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.