Internet of Things company Samsara (NYSE:IOT) will be reporting earnings tomorrow after market hours. Here’s what to expect.
Samsara beat analysts’ revenue expectations by 3.7% last quarter, reporting revenues of $322 million, up 35.6% year on year. It was a very strong quarter for the company, with EPS guidance for next quarter exceeding analysts’ expectations and an impressive beat of analysts’ EBITDA estimates. It added 170 enterprise customers paying more than $100,000 annually to reach a total of 2,303.
Is Samsara a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Samsara’s revenue to grow 21.8% year on year to $336.4 million, slowing from the 48.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.07 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Samsara has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Samsara’s peers in the data analytics segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Palantir delivered year-on-year revenue growth of 36%, beating analysts’ expectations by 6.8%, and Amplitude reported revenues up 9.4%, topping estimates by 1.9%. Palantir traded up 23.7% following the results while Amplitude was also up 21.8%.
Read our full analysis of Palantir’s results here and Amplitude’s results here.
Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link.