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

Semrush Holdings

07/05/2024 12:25

* SEMrush Holdings Inc  SEMR.N  reported quarterly adjusted
earnings of 5 cents​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of -5 cents.  The mean expectation of five analysts
for the quarter was for earnings of 5 cents per share. Wall
Street expected results to range from 4 cents to 7 cents per
share.
    * Revenue rose 21.1% to $85.81 million from a year ago;
analysts
expected $85.01 million. 
    * SEMrush Holdings Inc's reported EPS for the quarter was 1
cent​.
    * The company reported quarterly net income of $2.14
million.
    * SEMrush Holdings Inc shares had fallen by 0.6% this
quarter and
lost 3.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 158.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for SEMrush Holdings
Inc is $14.00 
This summary was machine generated from LSEG data May 7 at 11:25
a.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
 Mar. 31 2024      0.05           0.05           Met
 Dec. 31 2023      0.04           0.08           Beat
 Sep. 30 2023      0.02           0.06           Beat
 Jun. 30 2023      -0.01          0.02           Beat