Similarweb (SMWB) Projected to Post Quarterly Earnings on Tuesday

Similarweb (NYSE:SMWB) is expected to be releasing its earnings data before the market opens on Tuesday, February 11th. Analysts expect Similarweb to post earnings of $0.03 per share for the quarter. Similarweb has set its FY 2024 guidance at EPS and its Q4 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Similarweb (NYSE:SMWB) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.07). Similarweb had a negative return on equity of 44.83% and a negative net margin of 3.92%. The company had revenue of $64.71 million for the quarter, compared to analyst estimates of $62.90 million. During the same quarter in the prior year, the business posted ($0.05) earnings per share. On average, analysts expect Similarweb to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Similarweb Stock Down 0.9 %

SMWB stock opened at $17.11 on Monday. The company has a 50 day moving average of $14.77 and a two-hundred day moving average of $11.07. The company has a market cap of $1.38 billion, a price-to-earnings ratio of -155.51 and a beta of 0.99. Similarweb has a 12-month low of $5.71 and a 12-month high of $17.56.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. William Blair reaffirmed an “outperform” rating on shares of Similarweb in a research report on Thursday, December 19th. JMP Securities reaffirmed a “market outperform” rating and set a $17.00 price objective on shares of Similarweb in a research report on Wednesday, December 11th. The Goldman Sachs Group started coverage on shares of Similarweb in a research report on Wednesday, December 11th. They issued a “buy” rating and a $16.00 target price for the company. Northland Securities increased their price target on shares of Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, January 24th. Finally, Jefferies Financial Group lifted their price objective on shares of Similarweb from $13.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $15.50.

Similarweb Company Profile

Similarweb Ltd. provides cloud-based digital intelligence solutions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally. The company offers digital research intelligence solutions for its customers to benchmark performance against competitors and market leaders, analyze trends in the market, conduct deeper research into specific companies, and analyze audience behavior; and digital marketing intelligence solutions for its customers to understand their competitors' online acquisition strategies in each marketing channel, and optimize their own strategies.