TechTarget Inc reports results for the quarter ended September 30 - Earnings Summary

TechTarget

13/11/2024 14:24

* TechTarget Inc  TTGT.OQ  reported quarterly adjusted
earnings of
42 cents​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 43 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 37 cents per share. Wall Street
expected results to range from 27 cents to 56 cents per share.
    * Revenue rose 2.4% to $58.47 million from a year ago;
analysts
expected $58.14 million. 
    * TechTarget Inc's reported EPS for the quarter was a loss
of 6
cents​.
    * The company reported a quarterly loss of $1.72 million.
    * TechTarget Inc shares had risen by 29.2% this quarter and
lost 9.4% 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 5 "strong buy" or "buy," 1
"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
$38.00 
This summary was machine generated from LSEG data November 13 at
02:24 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
 Sep. 30 2024      0.37           0.42           Beat
 Jun. 30 2024      0.41           0.42           Beat
 Mar. 31 2024      0.34           0.31           Missed
 Dec. 31 2023      0.37           0.42           Beat