SEMrush Holdings Inc expected to post earnings of 7 cents a share - Earnings Preview

Semrush Holdings

02/08/2024 22:15

* SEMrush Holdings Inc  SEMR.N   SEMR.K  is expected to show
a
rise in quarterly revenue when it reports  results on August 5
for the period ending June 30 2024
    * The Boston Massachusetts-based  company is expected to
report a
20.2% increase in revenue to $89.778 million from $74.69 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on May 6 2024, for the
period ended June 30, was for revenue between $89.10 million and
$90.10 million.
    * ​LSEG's mean analyst estimate for SEMrush Holdings Inc is
for
earnings of 7 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 was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for SEMrush
Holdings
Inc is $17.00​, above​ its last closing price of $13.35. ​​​

The company's guidance on May 6 2024 for the period ended June
30 was for Earnings before Interest and Taxes between USD9.801
million and USD9.911 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  
 Mar. 31 2024  0.05        0.05       0.05      Met     0
 Dec. 31 2024  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.        -0.05       -0.05      -0.05     Met     -2
 31 2023                                                
 Dec. 31 2022  -0.09       -0.08      -0.08     Met     4.3​
 Sep. 30 2022  -0.09       -0.09      -0.05     Beat    43.5
 Jun. 30 2022  -0.06       -0.06      -0.04     Beat    36.9
 This summary was machine generated August 2 at 21:15 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)