Similarweb (SMWB) Expected to Announce Quarterly Earnings on Tuesday

Similarweb (NYSE:SMWB - Get Free Report) is expected to post its quarterly earnings results 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 wish to register for the company's earnings conference call can do so using this link.

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

Similarweb Trading Down 0.9 %

SMWB stock traded down $0.16 during mid-day trading on Friday, hitting $17.11. 754,731 shares of the company were exchanged, compared to its average volume of 639,885. Similarweb has a 1-year low of $5.71 and a 1-year high of $17.56. The business has a 50 day simple moving average of $14.77 and a 200-day simple moving average of $11.01. The stock has a market capitalization of $1.38 billion, a PE ratio of -155.51 and a beta of 0.99.

Analyst Ratings Changes

SMWB has been the subject of several recent research reports. The Goldman Sachs Group assumed coverage on Similarweb in a research note on Wednesday, December 11th. They issued a "buy" rating and a $16.00 price target for the company. JMP Securities reissued a "market outperform" rating and issued a $17.00 target price on shares of Similarweb in a research report on Wednesday, December 11th. Jefferies Financial Group raised their price target on shares of Similarweb from $13.00 to $23.00 and gave the stock a "buy" rating in a research report on Monday. Northland Securities boosted their price objective on shares of Similarweb from $17.00 to $20.00 and gave the company an "outperform" rating in a report on Friday, January 24th. Finally, William Blair restated an "outperform" rating on shares of Similarweb in a research report on Thursday, December 19th. Nine equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Similarweb currently has an average 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.