Samsara Inc. (IOT) Beats Market Returns: Some Facts to Consider

The latest trading session saw Samsara Inc. (IOT) close at $40.90, representing a +0.69% adjustment from the last day’s close. The stock’s change was greater than the S&P 500’s daily gain of 0.12%. Meanwhile, the Dow gained 0.34% and the tech-heavy Nasdaq lost 0.07%.

Heading into today, shares of the company had gained 30.99% over the past month, outpacing the Computer & Technology sector’s gain of 6.14% and the S&P’s gain of 4.99% 500 during this period.

Samsara Inc.’s upcoming earnings release will be of great interest to investors. The company’s earnings report is expected on June 6, 2024. The company’s next EPS is forecast at $0.01, which means an increase of 150% from the same quarter of the previous year. Meanwhile, our current consensus estimate is calling for revenue of $272.51 million, representing growth of 33.37% from the year-ago quarter.

For the full fiscal year, Zacks Consensus Estimates are projecting earnings of $0.12 per share and revenue of $1.19 billion, representing changes of +71.43%+ 27.47%, respectively, compared to the previous year.

Investors should also pay attention to the latest changes in analyst estimates for Samsara Inc. These revisions generally reflect the latest near-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Empirical research indicates that these estimate revisions have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and provides a clear, actionable scoring model.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), has a remarkable, externally audited track record of outperformance, with #1 stocks generating an average annual gain of +25% since 1988 Over the past month, the Zacks Consensus EPS estimate has remained stable. Currently, Samsara Inc. boasts a Zacks Rank of #4 (Sell).

Investors should also note Samsara Inc.’s current valuation metrics, including its Forward P/E ratio of 344.24. This denotes a premium to the industry’s average forward P/E of 30.86.

The Internet – Software industry is part of the Computer and Technology sector. This industry, currently sporting a Zacks Rank of 57, is in the top 23% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our various industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

Be sure to leverage Zacks.com to stay up-to-date with all of these stock-changing metrics and more in upcoming trading sessions.

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