Similarweb (SMWB) Set to Announce Earnings on Tuesday

Similarweb (NYSE:SMWB) will 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 interested in registering for the company’s conference call can do so using this link.

Similarweb (NYSE:SMWB) last released its earnings results on Tuesday, February 13th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate 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 Price Performance

Shares of Similarweb stock opened at $7.63 on Tuesday. The firm has a fifty day moving average price of $8.49 and a two-hundred day moving average price of $6.59. Similarweb has a fifty-two week low of $4.58 and a fifty-two week high of $9.76. The company has a market cap of $600.10 million, a PE ratio of -20.62 and a beta of 0.68.

Analysts Set New Price Targets

SMWB has been the topic of a number of recent research reports. William Blair reissued an “outperform” rating on shares of Similarweb in a research report on Tuesday, March 5th. JMP Securities reissued a “market outperform” rating and set a $14.00 price objective on shares of Similarweb in a report on Friday, March 15th. Barclays boosted their price objective on Similarweb from $8.00 to $9.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Jefferies Financial Group reissued a “buy” rating and issued a $10.00 price target on shares of Similarweb in a research report on Wednesday, February 7th. Finally, Citigroup raised Similarweb from a “neutral” rating to a “buy” rating and increased their target price for the stock from $6.00 to $10.00 in a report on Thursday, February 15th. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target 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.