Similarweb (SMWB) Scheduled to Post Quarterly Earnings on Tuesday

Similarweb (NYSE:SMWB) will be announcing its earnings results 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 interested in participating in the company’s conference call can do so using this link.

Similarweb (NYSE:SMWB) last posted its quarterly earnings results on Tuesday, February 13th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. Similarweb had a negative return on equity of 203.38% and a negative net margin of 13.47%. The business had revenue of $56.76 million during the quarter, compared to analysts’ expectations 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 Trading Down 0.1 %

Similarweb stock opened at $7.48 on Monday. Similarweb has a 52 week low of $4.58 and a 52 week high of $9.76. The stock has a 50-day simple moving average of $8.45 and a 200 day simple moving average of $6.64.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Citigroup upgraded 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 report on Thursday, February 15th. Jefferies Financial Group reiterated a “buy” rating and issued a $10.00 price target on shares of Similarweb in a research report on Wednesday, February 7th. William Blair reiterated an “outperform” rating on shares of Similarweb in a research report on Tuesday, March 5th. JMP Securities reiterated a “market outperform” rating and issued a $14.00 price target on shares of Similarweb in a research report on Friday, March 15th. Finally, Barclays lifted their price target on shares of Similarweb from $8.00 to $9.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $10.60.

About Similarweb

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.