TechTarget Inc reports results for the quarter ended in December - Earnings Summary

TechTarget

09/02/2023 20:35

* TechTarget Inc  TTGT.OQ  reported quarterly adjusted
earnings of
68 cents​​ per share for the quarter ended in December. The mean
expectation of eight analysts for the quarter was for earnings
of 52 cents per share.
    * Revenue fell 5.1% to $73.04 million from a year ago;
analysts
expected $71.02 million. 
    * TechTarget Inc's reported EPS for the quarter was 23
cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.7%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * TechTarget Inc shares had risen by 12.0% this quarter.
    * The company reported quarterly net income of $7.19
million.
    * Wall Street's median 12-month price target for TechTarget
Inc is
$47.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
9 at 08:35 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.52           0.68           Beat
 Sep. 30 2022      0.65           0.68           Beat
 Jun. 30 2022      0.61           0.68           Beat
 Mar. 31 2022      0.47           0.53           Beat