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

Squarespace

07/05/2024 14:31

* Squarespace Inc  SQSP.N  reported quarterly breakeven
results​​
per share for the quarter ended in March, identical to the same
quarter last year.  The mean expectation of sixteen analysts for
the quarter was for a loss of 9 cents per share. Wall Street
expected results to range from -27 cents to 8 cents per share.
    * Revenue rose 18.6% to $281.15 million from a year ago;
analysts
expected $276.33 million. 
    * Squarespace Inc's reported EPS for the quarter was
breakeven
results​.
    * The company reported quarterly net income of $144
thousand.
    * Squarespace Inc shares had fallen by 2.7% this quarter and
gained 7.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6,193.7% 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 10 "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for Squarespace Inc
is $40.00 
This summary was machine generated from LSEG data May 7 at 01:30
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
 Mar. 31 2024      -0.09          0.00           Beat
 Dec. 31 2023      0.14           0.04           Missed
 Sep. 30 2023      0.13           -0.12          Missed
 Jun. 30 2023      0.13           0.03           Missed