Samsara Inc. (IOT) ended the latest trading session at $41.55, moving -0.34% from the previous day’s close. The stock’s performance was the reason for the S&P 500’s daily loss of 0.32%. The Dow, on the other hand, recorded a gain of 0.16%, and the tech-focused Nasdaq lost 0.85%.
The company’s shares have risen 11.14% over the past month, trailing the Computer and Technology sector by 1% and the S&P 500 by 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 expected to report earnings per share of $0.01, unchanged from the corresponding quarter last year. Additionally, our latest consensus estimate is calling for revenue of $289.35 million, representing an increase of 31.97% from the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.13 per share and revenue of $1.21 billion, representing year-over-year changes of +85.71% and +29.2%, respectively.
Investors should also pay attention to the recent changes in analyst estimates for Samsara Inc. These changes demonstrate the constant change in near-term business trends. Therefore, positive estimate changes indicate analysts’ confidence in the company’s business development and earnings potential.
Based on our research, we believe these estimate changes are directly related to stock moves in nearby teams. To capitalize on this, we have developed the Zacks Rank, a quantitative model that takes these estimate changes into account and provides a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has a remarkable track record backed by third-party audits. Stocks ranked #1 have delivered an average annual return of +25% since 1988. Over the past 30 days, our consensus EPS projection remained stagnant. Samsara Inc. currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Samsara Inc. is currently trading at a P/E ratio of 312.67, which represents a premium to the industry average P/E ratio 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 strength of our individual industry groups by looking at the average Zacks Rank of the individual stocks that make up the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Use Zacks.com to stay on top of all these and other stock-changing metrics in upcoming trading sessions.
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Samsara Inc. (IOT): Free Stock Analysis Report
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