Samsara Inc. (IOT) reported quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.07 per share. The company’s earnings surprise of 57.14% is the largest in four quarters.
In terms of revenue, Samsara Inc. surpassed the Zacks Consensus Estimate by 3.25%, reporting $346.29 million for the quarter ended January 2025, compared to year-ago revenues of $276.27 million.
The company’s shares have lost about 0.2% since the beginning of the year, compared to the S&P 500’s decline of -0.7%. Investors are now looking ahead to what’s next for the stock, and a reliable measure is the company’s earnings outlook.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. The Zacks Rank has an impressive track record of harnessing this power, with Samsara Inc.’s current rank being #3 (Hold). This suggests that the shares are expected to perform in line with the market in the near future.
However, investors should note that the outlook for the industry can impact the performance of the stock. The Internet – Software industry is currently ranked 46th out of 250, and research shows that top-ranked industries tend to outperform bottom-ranked ones by a factor of more than 2 to 1.
Another company in the same industry, Getty Images Holdings, Inc. (GETY), is expected to report earnings of $0.04 per share for its upcoming report, which represents a year-over-year change of -55.6%. The consensus EPS estimate has remained unchanged over the last 30 days.
Source: https://finance.yahoo.com/news/samsara-inc-iot-q4-earnings-224504876.html