TechTarget Inc expected to post earnings of 34 cents a share - Earnings Preview

TechTarget

08/05/2024 01:36

* TechTarget Inc  TTGT.OQ   TTGT.O  is expected to show a
fall in
quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The Newton Massachusetts-based  company is expected to
report a
10.6% decrease in revenue to $51.037 million from $57.11 million
a year ago, according to the mean estimate from 8 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for TechTarget Inc is for
earnings
of 34 cents per share. 
    * 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 mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for TechTarget
Inc is
$40.50​, above​ its last closing price of $28.33. ​​​

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  0.38        0.36       0.42      Beat    12.5
 Sep. 30 2023  0.34        0.36       0.43      Beat    19.4
 Jun. 30 2023  0.42        0.40       0.45      Beat    13.9​
 Mar. 31 2023  0.36        0.36       0.41      Beat    14.4
 ​​Dec.        0.52        0.52       0.68      Beat    31.8
 31 2022                                                
 Sep. 30 2022  0.66        0.65       0.68      Beat    4.3​
 Jun. 30 2022  0.61        0.61       0.68      Beat    12.2
 Mar. 31 2022  0.47        0.47       0.53      Beat    12.1
 This summary was machine generated May 8 at 00:36 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)