TechTarget Inc expected to post earnings of 41 cents a share - Earnings Preview

TechTarget

07/08/2024 02:30

* TechTarget Inc  TTGT.OQ   TTGT.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 8 for the
period ending June 30 2024
    * The Newton Massachusetts-based  company is expected to
report a
0.6% decrease in revenue to $58.08 million from $58.43 million a
year ago, according to the mean estimate from 8 analysts, based
on LSEG data.The company's guidance on May 9 2024, for the
period ended June 30, was for revenue between $57.00 million and
$59.00 million.
    * ​LSEG's mean analyst estimate for TechTarget Inc is for
earnings
of 41 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
$39.00​, above​ its last closing price of $29.34. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.35        0.34       0.31      Missed  -7.5
 Dec. 31 0001  0.38        0.37       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
 ​​Jan.        0.36        0.36       0.41      Beat    14.4
 1 0001                                                 
 Dec. 31 2022  0.52        0.52       0.68      Beat    31.8​
 Jan. 1 0001   0.66        0.65       0.68      Beat    4.3
 Jan. 1 0001   0.61        0.61       0.68      Beat    12.2
 This summary was machine generated August 7 at 01:30 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)