Samsara Third Quarter 2023 Earnings: Beats Expectations




  • In Business
  • 2022-12-03 12:44:11Z
  • By Simply Wall St.
 

Samsara (NYSE:IOT) Third Quarter 2023 Results

Key Financial Results

  • Revenue: US$169.8m (up 49% from 3Q 2022).

  • Net loss: US$58.6m (loss widened by 81% from 3Q 2022).

  • US$0.11 loss per share.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Samsara Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 9.3%. Earnings per share (EPS) also surpassed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 19% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Samsara that you should be aware of before investing here.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Join A Paid User Research Session
You'll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here

COMMENTS

More Related News

Does Absa Group (JSE:ABG) Deserve A Spot On Your Watchlist?
Does Absa Group (JSE:ABG) Deserve A Spot On Your Watchlist?

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...

ABB Full Year 2022 Earnings: EPS Beats Expectations
ABB Full Year 2022 Earnings: EPS Beats Expectations

ABB ( VTX:ABBN ) Full Year 2022 Results Key Financial Results Revenue: US$29.4b (up 1.7% from FY 2021). Net income...

Investors in KATEK (ETR:KTEK) have unfortunately lost 44% over the last year
Investors in KATEK (ETR:KTEK) have unfortunately lost 44% over the last year

It's easy to match the overall market return by buying an index fund. Active investors aim to buy stocks that vastly...

SYZYGY (ETR:SYZ) Is Paying Out A Larger Dividend Than Last Year
SYZYGY (ETR:SYZ) Is Paying Out A Larger Dividend Than Last Year

SYZYGY AG ( ETR:SYZ ) will increase its dividend on the 14th of July to €0.22, which is 10.0% higher than last year's...

With EPS Growth And More, Carl Zeiss Meditec (ETR:AFX) Makes An Interesting Case
With EPS Growth And More, Carl Zeiss Meditec (ETR:AFX) Makes An Interesting Case

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Business