Samsara (NYSE:IOT) stock is down in after-hours trading despite its Fiscal Q1-2025 results beating EPS and revenue estimates. Additionally, the company raised its outlook for the full year and provided Q2 guidance. The IoT solutions and data analytics company’s revenue grew to $280.7 million, a 37% increase and higher than the $272.4 million consensus estimate. At the same time, its adjusted earnings per share (EPS) of $0.03 beat the ~$0.01 consensus estimate ($0.009, to be exact) and was a nice improvement over last year’s figure of -$0.02.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Samsara’s annual recurring revenue (ARR) also grew by 37% to $1.176 billion, and it now has 1,964 customers that provide them with an ARR of over $100,000 each, a 43% increase.
Looking at its guidance, its revenue outlook for Fiscal 2025 was increased to a range of $1.205-1.213 billion (31-32% adjusted revenue growth) compared to a previous range of $1.186-1.196 billion, and its non-GAAP EPS is expected to come in at $0.13-0.15 compared to the previous range of $0.11-0.13. For Q2, EPS is forecast to be between $0.00 and $0.01.
Is IOT Stock a Buy, According to Analysts?
On TipRanks, IOT stock comes in as a Moderate Buy based on seven Buys, five Holds, and zero Sell ratings assigned in the past three months. The average Samsara stock price target of $42.50 implies 21.9% upside potential.
