Similarweb (SMWB) Set to Announce Quarterly Earnings on Tuesday

Similarweb (NYSE:SMWB) is scheduled to post its quarterly 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 that are interested in registering for 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) EPS 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 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 %

Shares of Similarweb stock opened at $7.48 on Friday. The firm’s 50 day moving average is $8.45 and its 200 day moving average is $6.62. The firm has a market capitalization of $588.30 million, a PE ratio of -20.22 and a beta of 0.75. Similarweb has a 1 year low of $4.58 and a 1 year high of $9.76.

Analysts Set New Price Targets

SMWB has been the subject of a number of recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a $10.00 target price on shares of Similarweb in a report on Wednesday, February 7th. William Blair reaffirmed an “outperform” rating on shares of Similarweb in a research note on Tuesday, March 5th. Barclays boosted their price objective on shares of Similarweb from $8.00 to $9.00 and gave the stock an “overweight” rating in a research note on Thursday, February 15th. Citigroup raised Similarweb from a “neutral” rating to a “buy” rating and raised their target price for the stock from $6.00 to $10.00 in a research report on Thursday, February 15th. Finally, 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. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company 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.