Samsara Inc. stock closes down, underperforming S&P 500, but expected to see significant growth

From Nasdaq.: 2024-05-24 18:15:09

Samsara Inc. (IOT) closed at $39.37, down 0.25% from the previous day, underperforming the S&P 500. Analysts expect the company to report earnings of $0.01 per share on June 6, 2024, indicating 150% year-over-year growth. The stock is currently ranked as a #3 (Hold) on the Zacks Rank system.

In the upcoming earnings report, Samsara Inc. is expected to post revenue of $272.51 million, up 33.37% from the same quarter last year. Analysts predict full-year earnings of $0.12 per share and revenue of $1.19 billion, marking increases of 71.43% and 27.47% from last year, respectively.

Samsara Inc. is trading at a premium in the Internet – Software industry with a Forward P/E ratio of 334.49, compared to the industry average of 28.88. The Computer and Technology sector, which includes the company, has a Zacks Industry Rank of 58, placing it in the top 24% of all industries.

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