In the latest close session, Samsara Inc. (IOT) was up +1.55% at $33.98. The stock exceeded the S&P 500, which registered a loss of 0.19% for the day. At the same time, the Dow lost 0.8%, and the tech-heavy Nasdaq lost 0.1%.
Prior to today's trading, shares of the company had lost 15.65% lagged the Computer and Technology sector's gain of 2.62% and the S&P 500's gain of 2.26%.
The investment community will be paying close attention to the earnings performance of Samsara Inc. in its upcoming release. The company's upcoming EPS is projected at $0.13, signifying a 18.18% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $422.09 million, reflecting a 21.89% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.51 per share and a revenue of $1.6 billion, signifying shifts of +96.15% and +27.83%, respectively, from the last year.
Any recent changes to analyst estimates for Samsara Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 14.44% higher within the past month. Samsara Inc. presently features a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Samsara Inc. is holding a Forward P/E ratio of 65.79. This represents a premium compared to its industry average Forward P/E of 24.44.
Meanwhile, IOT's PEG ratio is currently 1.49. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Internet - Software industry stood at 1.5 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 56, finds itself in the top 23% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Samsara Inc. (IOT): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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