Similarweb (SMWB) Expected to Announce Earnings on Tuesday

Similarweb (NYSE:SMWB) is anticipated to issue its quarterly earnings data before the market opens on Tuesday, February 11th. Analysts expect the company to announce 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.Parties interested in participating in the company’s conference call can do so using this link.

Similarweb (NYSE:SMWB) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $64.71 million during the quarter, compared to analyst estimates of $62.90 million. During the same period in the prior year, the firm earned ($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 Price Performance

SMWB stock opened at $17.11 on Monday. The firm has a fifty day moving average price of $14.77 and a two-hundred day moving average price of $11.07. Similarweb has a 1-year low of $5.71 and a 1-year high of $17.56. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -155.51 and a beta of 0.99.

Wall Street Analysts Forecast Growth

SMWB has been the subject of several recent research reports. Jefferies Financial Group upped their target price on Similarweb from $13.00 to $23.00 and gave the company a “buy” rating in a report on Monday, February 3rd. Northland Securities boosted their price objective on Similarweb from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Similarweb in a report on Thursday, January 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $17.00 price target on shares of Similarweb in a research note on Wednesday, December 11th. Finally, The Goldman Sachs Group started coverage on shares of Similarweb in a research note on Wednesday, December 11th. They set a “buy” rating and a $16.00 price objective on the stock. Nine investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price 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.