-$0.06 Earnings Per Share Expected for Samsara Inc. (NYSE:IOT) This Quarter

Analysts expect Samsara Inc. (NYSE:IOT – Get Rating) to report earnings of ($0.06) per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Samsara’s earnings, with estimates ranging from ($0.07) to ($0.05). The firm is scheduled to report its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Samsara will report full year earnings of ($0.24) per share for the current year, with EPS estimates ranging from ($0.26) to ($0.19). For the next financial year, analysts anticipate that the company will post earnings of ($0.15) per share, with EPS estimates ranging from ($0.18) to ($0.12). Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Samsara.

Samsara (NYSE:IOT – Get Rating) last announced its quarterly earnings results on Wednesday, March 2nd. The company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.03. The company had revenue of $125.75 million during the quarter, compared to the consensus estimate of $116.15 million.

Several analysts have recently issued reports on the stock. The Goldman Sachs Group decreased their target price on shares of Samsara from $30.00 to $27.00 and set a “buy” rating on the stock in a research report on Thursday, April 14th. StockNews.com initiated coverage on shares of Samsara in a report on Thursday, March 31st. They issued a “sell” rating on the stock. Morgan Stanley lowered their target price on Samsara from $30.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, March 3rd. Zacks Investment Research raised shares of Samsara from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a report on Thursday. Finally, Wells Fargo & Company reduced their price target on Samsara to $20.00 and set an “overweight” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $26.22.

Shares of NYSE IOT traded down $0.12 during midday trading on Friday, reaching $10.54. 26,541 shares of the stock traded hands, compared to its average volume of 1,513,019. The stock has a 50 day moving average of $13.88. Samsara has a one year low of $8.72 and a one year high of $31.41.

In related news, insider Kiren Sekar sold 60,534 shares of the firm’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 sale was disclosed in a document filed with the SEC, which is available through this link. 81.12% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in IOT. Warburg Pincus LLC purchased a new stake in shares of Samsara in the first quarter valued at approximately $113,432,000. General Atlantic L.P. acquired a new position in shares of Samsara during the 4th quarter valued at about $190,604,000. Dragoneer Investment Group LLC acquired a new stake in Samsara during the fourth quarter worth about $108,162,000. Greenoaks Capital Partners LLC raised its stake in Samsara by 911.0% during the first quarter. Greenoaks Capital Partners LLC now owns 4,119,911 shares of the company’s stock worth $66,001,000 after purchasing an additional 3,712,411 shares during the period. Finally, BlackRock Inc. acquired a new position in Samsara in the 4th quarter valued at about $77,320,000. Institutional investors own 45.47% of the company’s stock.

About Samsara (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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