Recap: Smartsheet Q4 Earnings

Smartsheet SMAR reported its Q4 earnings results on Tuesday, March 15, 2022 at 04:05 PM.

Here's what investors need to know about the announcement.

Smartsheet beat estimated earnings by 20.0%, reporting an EPS of $-0.12 versus an estimate of $-0.15.

Revenue was up $47.52 million from the same period last year.

Last quarter the company beat on EPS by $0.07 which was followed by a 7.82% increase in the share price the next day.

Here's a look at Smartsheet's past performance:

Quarter	Q3 2022	Q2 2022	Q1 2022	Q4 2021
EPS Estimate	-0.10	-0.13	-0.14	-0.13
EPS Actual	-0.03	-0.05	-0.09	-0.04
Revenue Estimate	139.49M	125.51M	111.81M	102.72M
Revenue Actual	144.63M	131.74M	117.08M	109.87M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Smartsheet management provided guidance for their next quarter, expecting earnings between $-0.2 and $-0.18 per share for the next quarter.

This represents a -58.33% in quarter-over-quarter growth for Smartsheet, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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