Investing
Earnings Previews: GoHealth, Jabil, Markforged, SentinelOne
March 14, 2022 11:59 am
Fourth-quarter revenue is forecast at $20.76 million, up 2% sequentially. The company’s adjusted loss per share is forecast at $0.10, compared to a prior quarter loss of $0.11. For full fiscal 2022, the company is expected to post a loss per share of $0.33, worse than a per-share loss of $0.17 in 2021, on sales of $120.34 million, up 35%.
Markforged is not expected to post a profit in 2022 or 2023. Its sales to enterprise value multiple is 3.2 times in 2021, 2.4 times in 2022 and 1.5 times in 2023. The stock’s 52-week range is $3.03 to $13.87, and the low was posted early Monday morning. The company does not pay a dividend. Total shareholder return for the past year is negative 74.5%.
SentinelOne
Cybersecurity software provider SentinelOne Inc. (NYSE: S) has dropped about 24.4% of its value over the past 12 months. The company, which came public last July, reached a post-IPO high in mid-November and the shares have shed 58% since then. SentinelOne reports results after markets close Tuesday afternoon.
Two weeks ago, competitor CrowdStrike popped 13% after posting better-than-expected earnings and revenues, raising hopes among investors that high-multiple stocks like SentinelOne might follow suit. But a beat would have to be solid and accompany a bright outlook.
Of 17 brokerages covering the company, 14 have rated the stock a Buy or Strong Buy and the others have a Hold rating. At a share price of around $31.90, the upside potential based on a median price target of $65.00 is about 104%. At the high price target of $82.00, the upside potential is 157%.
Fourth-quarter revenue is forecast at $60.68 million, up 8.4% sequentially. The company’s adjusted loss per share is forecast at $0.17, compared to a prior quarter loss of $0.18. For full fiscal 2022, which ended in January, the company is currently expected to a loss per share of $1.41, on sales of $200.05 million.
SentinelOne is not expected to post a profit in 2023 or 2024. The stock’s sales to enterprise value multiple is 34.3 times in 2022, 19.8 times in 2023 and 12.1 times in 2024. The stock’s 52-week range is $31.65 to $78.53, and the low was posted early Monday morning. The company does not pay a dividend.
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