Samsara (IOT) Set to Announce Earnings on Thursday

Samsara (NYSE:IOTGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, June 2nd. Analysts expect Samsara to post earnings of ($0.07) per share for the quarter. Samsara has set its FY 2023 guidance at $-0.270-$-0.250 EPS and its Q1 2023 guidance at $-0.080-$-0.070 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Samsara (NYSE:IOTGet Rating) last released its quarterly earnings data on Wednesday, March 2nd. The company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.03. The business had revenue of $125.75 million during the quarter, compared to the consensus estimate of $116.15 million. On average, analysts expect Samsara to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

IOT opened at $10.76 on Thursday. The business has a 50 day simple moving average of $13.53. Samsara has a 12 month low of $8.72 and a 12 month high of $31.41.

Several research analysts recently commented on IOT shares. The Goldman Sachs Group cut their price objective on shares of Samsara from $30.00 to $27.00 and set a “buy” rating for the company in a report on Thursday, April 14th. Morgan Stanley cut their price objective on shares of Samsara from $30.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, March 3rd. Wells Fargo & Company lowered their target price on shares of Samsara to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 18th. StockNews.com assumed coverage on shares of Samsara in a research note on Thursday, March 31st. They issued a “sell” rating on the stock. Finally, Cowen lowered their target price on shares of Samsara from $31.00 to $27.00 in a research note on Thursday, March 3rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $26.11.

In other news, insider Kiren Sekar sold 60,534 shares of the firm’s stock in a transaction on Tuesday, March 15th. The shares were sold at an average price of $13.34, for a total transaction of $807,523.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 81.12% of the company’s stock.

Large investors have recently modified their holdings of the stock. Bank of America Corp DE bought a new stake in Samsara in the 4th quarter worth $38,000. Cubist Systematic Strategies LLC bought a new stake in Samsara in the 4th quarter worth $195,000. Millennium Management LLC bought a new stake in Samsara in the 4th quarter worth $1,709,000. Marshall Wace LLP bought a new stake in Samsara in the 4th quarter worth $4,407,000. Finally, Susquehanna International Group LLP bought a new stake in Samsara in the 4th quarter worth $1,211,000. 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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