Squarespace Q2 EPS $0.03 Misses $0.13 Estimate, Sales $247.53M Beat $243.36M Estimate
Portfolio Pulse from totan@benzinga.com
Squarespace (NYSE:SQSP) reported Q2 earnings of $0.03 per share, missing the analyst consensus estimate of $0.13 by 76.92%. This is a 93.33% decrease from the same period last year. However, the company reported quarterly sales of $247.53 million, beating the analyst consensus estimate of $243.36 million by 1.71%. This is a 16.37% increase from the same period last year.
August 08, 2023 | 10:13 am
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NEGATIVE IMPACT
Squarespace's Q2 earnings missed estimates significantly, which could negatively impact investor sentiment. However, the company's sales beat estimates, which could offset some of the negative impact.
Squarespace's earnings miss is a significant negative factor that could drive the stock price down in the short term. However, the sales beat could provide some positive sentiment, potentially offsetting some of the negative impact. The net effect is likely to be negative, but the magnitude of the impact will depend on how investors weigh the earnings miss against the sales beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100