13% Increase in Share Price Following FY Guidance Lift

  • Smartsheet shares rise 13% after lifting FY guidance
  • Strong demand for work-management software drives growth
  • Adjusted per-share earnings raised to $1.22-$1.29 from previous range of $1.18-$1.21
  • Revenue guidance increased to $1.116B-$1.121B from $1.113B-$1.118B
  • Enterprise customers driving demand

Smartsheet, a work-management software provider, experienced a 13% increase in share price after raising its full-year guidance due to strong demand for its products. The stock reached $42.58 in extended trading, up from a 0.5% rise at close. Despite a 21% decline this year, the company now expects adjusted per-share earnings of $1.22-$1.29, surpassing previous expectations and analysts’ estimates. Revenue growth was 20% in Q1 and exceeded projections, with the company attributing increased demand to enterprise customers.

Factuality Level: 8
Factuality Justification: The article provides accurate information about Smartsheet’s financial performance and outlook, citing specific numbers and figures, and includes quotes from the CEO. It is relevant to the topic and does not contain any sensationalism or opinion masquerading as fact.
Noise Level: 3
Noise Justification: The article provides relevant information about Smartsheet’s financial performance and outlook, but it lacks in-depth analysis or exploration of long-term trends or consequences for stakeholders. It also does not offer actionable insights or new knowledge beyond the company’s financial updates.
Public Companies: Smartsheet (unknown)
Key People: Mark Mader (Chief Executive)

Financial Relevance: Yes
Financial Markets Impacted: Smartsheet stock
Financial Rating Justification: The article discusses Smartsheet’s increased full-year outlook and its impact on the company’s stock price, which affects financial markets and investors.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the article.

Reported publicly: www.marketwatch.com