Similarweb (SMWB) Scheduled to Post Quarterly Earnings on Tuesday

Similarweb (NYSE:SMWB) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Similarweb has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Similarweb (NYSE:SMWB) last posted its earnings results on Tuesday, February 13th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Similarweb had a negative net margin of 13.47% and a negative return on equity of 203.38%. The firm had revenue of $56.76 million for the quarter, compared to the consensus estimate of $55.90 million. On average, analysts expect Similarweb to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Similarweb Stock Performance

Similarweb stock opened at $7.48 on Monday. The company’s 50-day moving average price is $8.45 and its 200-day moving average price is $6.64. Similarweb has a twelve month low of $4.58 and a twelve month high of $9.76.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SMWB shares. William Blair restated an “outperform” rating on shares of Similarweb in a report on Tuesday, March 5th. JMP Securities restated a “market outperform” rating and issued a $14.00 target price on shares of Similarweb in a report on Friday, March 15th. Barclays boosted their target price on shares of Similarweb from $8.00 to $9.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Citigroup raised shares of Similarweb from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $6.00 to $10.00 in a research note on Thursday, February 15th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $10.00 price target on shares of Similarweb in a research note on Wednesday, February 7th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $10.60.

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.