SEMrush Holdings Inc expected to post earnings of 5 cents a share - Earnings Preview

Semrush Holdings

04/05/2024 03:24

* SEMrush Holdings Inc  SEMR.N   SEMR.K  is expected to show
a
rise in quarterly revenue when it reports  results on May 6 for
the period ending March 31 2024
    * The Boston Massachusetts-based  company is expected to
report a
20.0% increase in revenue to $85.01 million from $70.87 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on March 4 2024, for
the period ended March 31, was for revenue between $84.70
million and $85.30 million.
    * ​LSEG's mean analyst estimate for SEMrush Holdings Inc is
for
earnings of 5 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 5.0%
in the last three months. ​
    * Wall Street's median 12-month price target for SEMrush
Holdings
Inc is $14.00​, above​ its last closing price of $12.53. ​​​

The company's guidance on March 4 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD6.776 million and USD6.824 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  0.04        0.04       0.08      Beat    127.5
 Sep. 30 2023  0.02        0.02       0.06      Beat    153.1
 Jun. 30 2023  -0.02       -0.01      0.02      Beat    237.9​
 Mar. 31 2023  -0.05       -0.05      -0.05     Met     -2
 ​​Dec.        -0.09       -0.08      -0.08     Met     4.3
 31 2022                                                
 Sep. 30 2022  -0.09       -0.09      -0.05     Beat    43.5​
 Jun. 30 2022  -0.06       -0.06      -0.04     Beat    36.9
 Mar. 31 2022  -0.03       -0.03      -0.01     Beat    69.5
 This summary was machine generated May 4 at 02:24 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)