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

Squarespace

08/08/2023 14:32

* Squarespace Inc  SQSP.N  reported quarterly adjusted
earnings of
3 cents​​ per share for the quarter ended in June. The mean
expectation of fourteen analysts for the quarter was
for earnings of 13 cents per share.
    * Revenue rose 16.4% to $247.53 million from a year ago;
analysts
expected $243.36 million. 
    * Squarespace Inc's reported EPS for the quarter was 3
cents​.
    * The mean earnings estimate of analysts had fallen by
about 15.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Squarespace Inc shares had risen by 1.6% this quarter and
gained 44.6% so far this year.
    * The company reported quarterly net income of $3.66
million.
    * Wall Street's median 12-month price target for Squarespace
Inc
is $30.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 11
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.13           0.03           Missed
 Mar. 31 2023      -0.05          0.00           Beat
 Dec. 31 2022      0.12           -1.72          Missed
 Sep. 30 2022      0.11           0.07           Missed