Unpacking Q4 Earnings: Smartsheet (NYSE:SMAR) In The Context Of Other Project Management Software Stocks

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Unpacking Q4 Earnings: Smartsheet (NYSE:SMAR) In The Context Of Other Project Management Software Stocks Looking back on project management software stocks' Q4 earnings, we examine this quarter's ...

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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnpacking Q4 Earnings: Smartsheet (NYSE:SMAR) In The Context Of Other Project Management Software Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-19 16:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/unpacking-q4-earnings-smartsheet-nyse-083747999.html><strong>StockStory</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Unpacking Q4 Earnings: Smartsheet (NYSE:SMAR) In The Context Of Other Project Management Software Stocks \n \n\nLooking back on project management software stocks' Q4 earnings, we examine this quarter's ...</p>\n\n<a href=\"https://finance.yahoo.com/news/unpacking-q4-earnings-smartsheet-nyse-083747999.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ASAN","symbol_name":"阿莎娜","start_time":0,"source_url":"https://finance.yahoo.com/news/unpacking-q4-earnings-smartsheet-nyse-083747999.html","article_id":"2428630552","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ZoDeUSdMrpQWAvRC1IZfkw--~B/aD03MDA7dz0xNDAwO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/stockstory_922/e5f915357e8d91e11b8fb81ad24ba1ba"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2428630552","pubTimestamp":1713515867,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Looking back on project management software stocks' Q4 earnings, we examine this quarter's best and worst performers, including Smartsheet  and its peers.The future of work requires teams to collaborate across departments and remote offices. Project management software is both driving this change and benefiting from it. While the trend of collaborative work management has been strong for a while, the Covid pandemic has definitively accelerated the demand for tools that allow work to be done remotely.The 4 project management software stocks we track reported a decent Q4; on average, revenues beat analyst consensus estimates by 2.1%, while next quarter's revenue guidance was in line with consensus. Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good end of 2023. The beginning of 2024 saw mixed inflation data, however, leading to more volatile stock performance, and project management software stocks have had a rough stretch,","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"ASAN":"阿莎娜","TEAM":"Atlassian Corporation PLC","NYSE":"纽交所","SMAR":"Smartsheet"},"translate_title":"拆包第四季度收益：Smartsheet（纽约证券交易所代码：SMAR）在其他项目管理软件股票的背景下","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NYSE":1,"SMAR":1,"ASAN":0.9,"TEAM":0.9},"content_text":"Unpacking Q4 Earnings: Smartsheet (NYSE:SMAR) In The Context Of Other Project Management Software Stocks \n \n\nLooking back on project management software stocks' Q4 earnings, we examine this quarter's best and worst performers, including Smartsheet (NYSE:SMAR) and its peers.\nThe future of work requires teams to collaborate across departments and remote offices. Project management software is both driving this change and benefiting from it. While the trend of collaborative work management has been strong for a while, the Covid pandemic has definitively accelerated the demand for tools that allow work to be done remotely.\nThe 4 project management software stocks we track reported a decent Q4; on average, revenues beat analyst consensus estimates by 2.1%, while next quarter's revenue guidance was in line with consensus. Stocks, especially growth stocks where cash flows further in the future are more important to the story, had a good end of 2023. The beginning of 2024 saw mixed inflation data, however, leading to more volatile stock performance, and project management software stocks have had a rough stretch, with share prices down 20.5% on average since the previous earnings results.\nWeakest Q4: Smartsheet (NYSE:SMAR)\n Founded in 2005, Smartsheet (NYSE:SMAR) is a software as a service platform that helps companies plan, manage and report on work. \nSmartsheet reported revenues of $256.9 million, up 21% year on year, in line with analyst expectations. It was a weaker quarter for the company, with full-year revenue guidance missing analysts' expectations and management forecasting growth to slow. \n“Strong demand from our enterprise customers helped us achieve the major milestone of $1 billion in annualized recurring revenue in Q4,” said Mark Mader, CEO of Smartsheet.\n\n\n\nSmartsheet delivered the weakest performance against analyst estimates and weakest full-year guidance update of the whole group. The company added 429 enterprise customers paying more than $5,000 annually to reach a total of 19,818. The stock is down 7.1% since the results and currently trades at $37.42. \nIs now the time to buy Smartsheet? Access our full analysis of the earnings results here, it's free.\nBest Q4: Atlassian (NASDAQ:TEAM)\nFounded by Australian co-CEOs Mike Cannon-Brookes and Scott Farquhar in 2002, Atlassian (NASDAQ:TEAM) provides software as a service that makes it easier for large teams of software developers to manage projects, especially in software development.\nAtlassian reported revenues of $1.06 billion, up 21.5% year on year, outperforming analyst expectations by 3.6%. It was a very strong quarter for the company, with an impressive beat of analysts' revenue estimates. Full year guidance was also promising, with Cloud and Data Center revenue outlook raised. Higher growth is not hurting profits, as the outlook for full year non-GAAP operating margin was lifted as well. \n\n\n\nAtlassian delivered the biggest analyst estimates beat among its peers. The stock is down 24.3% since the results and currently trades at $192.93. \nIs now the time to buy Atlassian? Access our full analysis of the earnings results here, it's free.\nMonday.com (NASDAQ:MNDY)\nFounded in Israel in 2014, and named after the dreaded first day of the work week, Monday.com (NASDAQ:MNDY) makes software as a service platforms that helps teams plan and track work efficiently. \nMonday.com reported revenues of $202.6 million, up 35.1% year on year, exceeding analyst expectations by 2.4%. It was a mixed quarter for the company, with a decent beat of analysts' ARR (annual recurring revenue) estimates but management forecasting growth to slow. \nMonday.com scored the fastest revenue growth in the group. The company added 218 enterprise customers paying more than $50,000 annually to reach a total of 2,295. The stock is down 21.8% since the results and currently trades at $185. \nRead our full analysis of Monday.com's results here. \nAsana (NYSE:ASAN)\nFounded in 2008 by Facebook’s co-founder Dustin Moskovitz, Asana (NYSE:ASAN) is a cloud-based project management software, where you can plan and assign tasks to employees and monitor and discuss progress of work. \nAsana reported revenues of $171.1 million, up 13.9% year on year, surpassing analyst expectations by 1.9%. It was a solid quarter for the company, with an impressive beat of analysts' billings expectations, which led to the company narrowly outperforming Wall Street's estimates on the reported revenue line. On the other hand, while revenue guidance for next quarter the the full year was in line with expectations, Asana's guidance for operating loss for those periods was worse than expectations. \nAsana delivered the highest full-year guidance raise but had the slowest revenue growth among its peers. The company added 300 enterprise customers paying more than $5,000 annually to reach a total of 21,646. The stock is down 27.3% since the results and currently trades at $13.66. \nRead our full, actionable report on Asana here, it's free. \n Join Paid Stock Investor Research\nHelp us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2428630552"}