Squarespace Inc reports results for the quarter ended in January - Earnings Summary

Squarespace

02/08/2024 14:52

* Squarespace Inc  SQSP.N  reported quarterly adjusted
earnings of
4 cents​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 3 cents.  The mean expectation of fourteen analysts for the
quarter was for earnings of 11 cents per share. Wall Street
expected results to range from zero cents to 29 cents per share.
    * Revenue rose 19.9% to $296.77 million from a year ago;
analysts
expected $293.13 million. 
    * Squarespace Inc's reported EPS for the quarter was 4
cents​.
    * The company reported quarterly net income of $6.13
million.
    * Squarespace Inc shares had risen by 1.0% this quarter and
gained 33.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 17.6%
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 "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "hold"

Wall Street's median 12-month price target for Squarespace Inc
is $44.00 
This summary was machine generated from LSEG data August 2 at
01:52 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
 Jun. 30 2024      0.11           0.04           Missed
 Mar. 31 2024      -0.09          0.00           Beat
 Dec. 31 2023      0.14           0.04           Missed
 Sep. 30 2023      0.13           -0.12          Missed