Smartsheet Inc (SMAR)

Smartsheet Inc (SMAR) stock fell by 6.90% due to its Q4 FY2024 results, which, while meeting analysts' expectations, included next quarter's revenue guidance of $258 million, which was 2.1% below analysts' estimates.

• Strong quarterly report: the company reported a revenue of $256.9 million, up 21% year on year, slightly beating analyst estimates. The EPS for the quarter was $0.34, beating analyst estimates by $0.16.
• Weak Outlook: Next quarter's guidance suggests a revenue growth of 17.3% year on year to $258 million, slowing down from the 30.6% year-on-year increase in the same quarter last year. For the upcoming financial year, management expects revenue to be $1.12 billion at the midpoint, growing 16.4% year on year compared to the 25% increase in FY2024.

SMAR's stock fell 5.15% due to a disappointing free-cash-flow outlook and lower-than-expected billings, which overshadowed an otherwise solid quarter for the company.

https://www.marketwatch.com/story/smartsheet-stock-falls-more-than-10-as-forecast-suggests-free-cash-flow-will-underperform-for-the-rest-of-the-year-4d012ae3