Squarespace Inc expected to post a loss of 9 cents a share - Earnings Preview

Squarespace

03/05/2024 16:59

* Squarespace Inc  SQSP.N   SQSP.K  is expected to show a
rise in
quarterly revenue when it reports  results on May 7 for the
period ending March 31 2024
    * The New York City-based  company is expected to report a
16.6% increase in revenue to $276.327 million from $237.03
million a year ago, according to the mean estimate from 17
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Squarespace Inc is for a
loss
of 9 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 7
"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 Squarespace
Inc
is $40.00​, above​ its last closing price of $34.36. ​​​

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  0.14        0.14       0.04      Missed  -72.3
 Sep. 30 2023  0.13        0.13       -0.12     Missed  -193
 Jun. 30 2023  0.14        0.13       0.03      Missed  -77.2​
 Mar. 31 2023  -0.05       -0.05      0.00      Beat    100
 ​​Dec.        0.08        0.12       -1.72     Missed  -1,483
 31 2022                                                .4
 Sep. 30 2022  0.12        0.11       0.07      Missed  -37.2​
 Jun. 30 2022  0.16        0.16       0.45      Beat    178.1
 Mar. 31 2022  0.13        0.12       -0.67     Missed  -672.6
 This summary was machine generated May 3 at 15:59 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)