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

Wall Street brokerages forecast that Samsara Inc. (NYSE:IOTGet Rating) will announce sales of $131.70 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Samsara’s earnings. The highest sales estimate is $131.85 million and the lowest is $131.53 million. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Samsara will report full-year sales of $575.78 million for the current financial year, with estimates ranging from $573.20 million to $577.73 million. For the next year, analysts anticipate that the firm will post sales of $749.39 million, with estimates ranging from $743.60 million to $757.41 million. Zacks’ sales calculations are an average based on a survey of research firms that follow Samsara.

Samsara (NYSE:IOTGet Rating) last released its earnings results on Wednesday, March 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.03. The firm had revenue of $125.75 million during the quarter, compared to analysts’ expectations of $116.15 million.

Several research analysts have weighed in on IOT shares. William Blair started coverage on Samsara in a research note on Monday, January 10th. They issued an “outperform” rating for the company. StockNews.com began coverage on Samsara in a research note on Thursday, March 31st. They issued a “sell” rating for the company. Morgan Stanley lowered their target price on Samsara from $30.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, March 3rd. Wolfe Research began coverage on Samsara in a research report on Monday, January 10th. They set an “outperform” rating and a $35.00 target price for the company. Finally, The Goldman Sachs Group lowered their target price on Samsara from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Thursday, April 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $28.75.

In related news, insider Kiren Sekar sold 60,534 shares of Samsara stock in a transaction dated Tuesday, March 15th. The stock was sold at an average price of $13.34, for a total transaction of $807,523.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 81.12% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of IOT. Bessemer Group Inc. acquired a new position in Samsara during the fourth quarter worth $28,000. Bank of America Corp DE acquired a new position in Samsara during the 4th quarter worth about $38,000. Advisor Group Holdings Inc. acquired a new position in Samsara during the 4th quarter worth about $93,000. Cubist Systematic Strategies LLC purchased a new stake in Samsara during the 4th quarter worth about $195,000. Finally, Brandywine Managers LLC purchased a new stake in Samsara during the 4th quarter worth about $270,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

IOT stock opened at $12.34 on Monday. Samsara has a 1-year low of $12.30 and a 1-year high of $31.41. The business has a 50 day simple moving average of $15.43.

Samsara Company Profile (Get Rating)

Samsara Inc provides solutions that connect 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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