Samsara Inc. (NYSE:IOT) Expected to Post Quarterly Sales of $131.70 Million

Equities research analysts predict that Samsara Inc. (NYSE:IOT – Get Rating) will announce sales of $131.70 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Samsara’s earnings. The lowest sales estimate is $131.53 million and the highest is $131.85 million. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Samsara will report full-year sales of $575.78 million for the current fiscal year, with estimates ranging from $573.20 million to $577.73 million. For the next financial year, analysts forecast that the business will post sales of $749.39 million, with estimates ranging from $743.60 million to $757.41 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Samsara.

Samsara (NYSE:IOT – Get Rating) last posted its quarterly earnings results on Wednesday, March 2nd. The company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02.

A number of equities analysts have weighed in on IOT shares. StockNews.com initiated coverage on Samsara in a research note on Thursday, March 31st. They issued a “sell” rating on the stock. JPMorgan Chase & Co. started coverage on shares of Samsara in a research report on Monday, January 10th. They set an “overweight” rating and a $34.00 price objective on the stock. William Blair initiated coverage on shares of Samsara in a research report on Monday, January 10th. They issued an “outperform” rating for the company. Wolfe Research began coverage on Samsara in a research report on Monday, January 10th. They set an “outperform” rating and a $35.00 price target on the stock. Finally, Royal Bank of Canada started coverage on Samsara in a research report on Monday, January 10th. They set an “outperform” rating and a $28.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $28.75.

Samsara stock traded up $0.60 during midday trading on Friday, reaching $14.13. 26,061 shares of the stock were exchanged, compared to its average volume of 1,611,955. The firm has a fifty day simple moving average of $17.32. Samsara has a 52 week low of $12.51 and a 52 week high of $31.41.

In other Samsara news, insider Kiren Sekar sold 60,534 shares of the business’s stock in a transaction dated Tuesday, March 15th. The shares were sold at an average price of $13.34, for a total value of $807,523.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Several institutional investors and hedge funds have recently bought and sold shares of IOT. General Atlantic L.P. purchased a new position in Samsara during the 4th quarter valued at $190,604,000. Dragoneer Investment Group LLC purchased a new stake in Samsara in the fourth quarter worth about $108,162,000. BlackRock Inc. purchased a new position in shares of Samsara during the 4th quarter worth approximately $77,320,000. Alliancebernstein L.P. bought a new stake in shares of Samsara during the fourth quarter valued at approximately $67,858,000. Finally, Goldman Sachs Group Inc. bought a new position in Samsara in the fourth quarter worth $28,511,000. 28.80% of the stock is currently owned by hedge funds and other institutional investors.

About Samsara (Get Rating)

Samsara Inc provides solutions that connects physical operations data to its Connected Operations Cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy; and applications for video-based safety, vehicle telematics, apps and driver workflows, equipment monitoring, and site visibility.

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