TechTarget Inc expected to post earnings of 37 cents a share - Earnings Preview

TechTarget

05/02/2024 21:44

* TechTarget Inc  TTGT.OQ   TTGT.O  is expected to show a
fall in
quarterly revenue when it reports  results on February 7 for the
period ending December 31 2023
    * The Newton Massachusetts-based  company is expected to
report a
22.5% decrease in revenue to $56.59 million from $73.04 million
a year ago, according to the mean estimate from 8 analysts,
based on LSEG data.The company's guidance on November 8 2023,
for the period ended December 31, was for revenue between $55.00
million and $57.00 million.
    * ​LSEG's mean analyst estimate for TechTarget Inc is for
earnings
of 37 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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
$42.00​, above​ its last closing price of $34.07. ​​​

The company's guidance on November 8 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD55 million and
USD16.6 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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. 31 2022  0.52        0.52       0.68      Beat    31.8
 ​​Sep.        0.66        0.65       0.68      Beat    4.3
 30 2022                                                
 Jun. 30 2022  0.61        0.61       0.68      Beat    12.2​
 Mar. 31 2022  0.47        0.47       0.53      Beat    12.1
 Dec. 31 2021  0.65        0.65       0.66      Beat    1.3
 This summary was machine generated February 5 at 21:44 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)