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

TechTarget

08/08/2023 23:45

* TechTarget Inc  TTGT.OQ  reported quarterly adjusted
earnings of
45 cents​​ per share for the quarter ended in June. The mean
expectation of eight analysts for the quarter was for earnings
of 40 cents per share.
    * Revenue fell 25.9% to $58.43 million from a year ago;
analysts
expected $56.84 million. 
    * TechTarget Inc's reported EPS for the quarter was 10
cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * TechTarget Inc shares had fallen by 4.5% this quarter and
lost 32.5% so far this year.
    * The company reported quarterly net income of $2.68
million.
    * Wall Street's median 12-month price target for TechTarget
Inc is
$33.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 10:45 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.40           0.45           Beat
 Mar. 31 2023      0.36           0.41           Beat
 Dec. 31 2022      0.52           0.68           Beat
 Sep. 30 2022      0.65           0.68           Beat