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Samsara (IOT) To Report Earnings Tomorrow: Here Is What To Expect

IOT Cover Image

IoT solutions provider Samsara (NYSE: IOT) will be reporting earnings tomorrow after the bell. Here’s what investors should know.

Samsara beat analysts’ revenue expectations last quarter, reporting revenues of $416 million, up 29.2% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and full-year EPS guidance exceeding analysts’ expectations. It added 219 enterprise customers paying more than $100,000 annually to reach a total of 2,990.

Is Samsara a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Samsara’s revenue to grow 22% year on year, slowing from the 25.3% increase it recorded in the same quarter last year.

Samsara Total Revenue

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 a history of exceeding Wall Street’s expectations.

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 Technologies delivered year-on-year revenue growth of 70%, beating analysts’ expectations by 4.9%, and Strategy reported revenues up 1.9%, topping estimates by 0.6%. Palantir Technologies traded up 6.8% following the results while Strategy was also up 26.1%.

Read our full analysis of Palantir Technologies’s results here and Strategy’s results here.

Investors in the data analytics segment have had steady hands going into earnings, with share prices flat over the last month. Samsara is up 18.1% during the same time and is heading into earnings with an average analyst price target of $44.27 (compared to the current share price of $29.10).

Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

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