TechTarget Inc expected to post earnings of 40  cents a share - Earnings Preview

TechTarget

05/08/2023 03:03

* TechTarget Inc  TTGT.OQ   TTGT.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 8. 
    * The Newton Massachusetts-based  company is expected to
report  a
27.9% decrease in revenue to $56.837 million from $78.88 million
a year ago, according to the mean estimate from 8 analysts,
based on Refinitiv data. The company's guidance on May 9 2023,
for the period ended June 30, was for revenue between $56.00
million and $58.00 million.
    * ​Refinitiv's mean analyst estimate for TechTarget Inc is
for
earnings of 40 cents per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and 2 "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
$33​, above​ its last closing price of $29.83. ​​​

The company's guidance on May 9 2023 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD56 million and USD18 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  0.36        0.36       0.41      Beat    14.4
 Dec. 31 2023  0.52        0.52       0.68      Beat    31.8
 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.        0.47        0.47       0.53      Beat    12.1
 31 2022                                                
 Dec. 31 2021  0.65        0.65       0.66      Beat    1.3​
 Sep. 30 2021  0.55        0.56       0.60      Beat    7.8
 Jun. 30 2021  0.49        0.49       0.51      Beat    4.4
 This summary was machine generated August 5 at 02:03 GMT.  All
figures in US dollars  unless otherwise stated