Samsara Stock Plunges 7.7%, Forecasts Q4 Revenue of $422.1M
Samsara shares fell 7.73% in the latest session, lagging the S&P 500’s 1.04% drop and losing 16.54% month-to-date versus a 0.34% gain in the Computer and Technology sector. The company forecasts Q4 EPS of $0.13 and revenue of $422.1M, up 18.2% and 21.9% year-over-year.
1. Stock Performance
Samsara shares declined 7.73% in the recent trading session, underperforming the S&P 500’s 1.04% loss, the Dow’s 1.66% decline and the Nasdaq’s 1.13% drop. Over the past month the stock is down 16.54%, while the Computer and Technology sector has gained 0.34% and the S&P 500 has risen 1.75%.
2. Q4 Projections
The company is set to report Q4 earnings on March 5, projecting EPS of $0.13, an 18.18% increase year-over-year, and revenue of $422.09 million, up 21.89% from the same quarter last year. Consensus estimates show annual EPS of $0.51 (+96.15%) and revenue of $1.6 billion (+27.83%).
3. Valuation Profile
Samsara’s forward P/E ratio stands at 46.65, versus its industry average of 18.99, indicating a significant premium. The stock carries a PEG ratio of 1.05 compared with the Internet-Software industry average of 1.11, and its industry rank places it in the bottom 47% of over 250 groups.