SEMrush Holdings Inc reports results for the quarter ended in December - Earnings Summary

Semrush Holdings

05/03/2024 23:31

* SEMrush Holdings Inc  SEMR.N  reported quarterly adjusted
earnings of 8 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of -8 cents.  The mean expectation of
six analysts for the quarter was for earnings of 4 cents per
share. Wall Street expected results to range from 3 cents to 4
cents per share.
    * Revenue rose 1.3% to $69.71 million from a year ago;
analysts
expected $83.11 million. 
    * SEMrush Holdings Inc's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $6.87
million.
    * SEMrush Holdings Inc shares had fallen by 4.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for SEMrush
Holdings
Inc is $13.50 

This summary was machine generated from LSEG data March 5 at
11:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.04           0.08           Beat
 Sep. 30 2023      0.02           0.06           Beat
 Jun. 30 2023      -0.01          0.02           Beat
 Mar. 31 2023      -0.05          -0.05          Met