Smartsheet: Smart Investment At An Expensive Multiple [Seeking Alpha]
Smartsheet Inc. Class A (SMAR)
Last smartsheet inc. class a earnings: 3/17 04:21 pm
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Source: Seeking Alpha
Smartsheet: Smart Investment At An Expensive Multiple Summary Smartsheet reported a very strong Q1 with revenue growing 55% and beating consensus expectations. Management raised full year guidance and now expects revenue to grow 47-49%, which appears to be conservative. Valuation remains at the high-end of other fast growth software peers at 20x forward revenue, but is a great long-term hold. With the stock reaching all time highs, investors have to begin to question how much higher the stock can go. However, Smartsheet ( SMAR Revenue grew 55% to $56.2 million, which was above consensus estimates for ~$54.5 million. Revenue was led by subscription growth of 57%, which actually accelerated from 56% growth in Q4 (Source: Company Presentation Management also raised guidance by over $8 million at the midpoint, signaling their optimism in a strong fiscal year. While shares are near all time highs, I believe valuation is close to being maxed out and any additional upside will come from the
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SMAR
News
- Smartsheet Announces $150 Million Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Smartsheet Announces $150 Million Share Repurchase ProgramBusiness Wire
- Unpacking Q4 Earnings: Smartsheet (NYSE:SMAR) In The Context Of Other Project Management Software Stocks [Yahoo! Finance]Yahoo! Finance
- Celigo Sets New Standards in Integration with AI, Prebuilt Solutions, and Unprecedented Connectivity [Yahoo! Finance]Yahoo! Finance
- Smartsheet Appoints Jo Deal as Chief People Officer [Yahoo! Finance]Yahoo! Finance
SMAR
Earnings
- 3/14/24 - Beat
SMAR
Sec Filings
- 4/19/24 - Form 8-K
- 4/15/24 - Form 4
- 4/11/24 - Form 144
- SMAR's page on the SEC website