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

TechTarget

09/08/2024 17:31

* TechTarget Inc  TTGT.OQ  reported quarterly adjusted
earnings of
42 cents​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of 45 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 41 cents per share. Wall Street
expected results to range from 28 cents to 64 cents per share.
    * Revenue rose 0.8% to $58.91 million from a year ago;
analysts
expected $58.08 million. 
    * TechTarget Inc's reported EPS for the quarter was 5
cents​.
    * The company reported quarterly net income of $1.31
million.
    * TechTarget Inc shares had fallen by 6.9% this quarter and
lost 16.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for TechTarget Inc is
$39.00 
This summary was machine generated from LSEG data August 9 at
04:31 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.41           0.42           Beat
 Mar. 31 2024      0.34           0.31           Missed
 Dec. 31 2023      0.37           0.42           Beat
 Sep. 30 2023      0.36           0.43           Beat