TechTarget Q2 Adj EPS $0.45 Beats $0.39 Estimate, Sales $58.43M Beat $56.84M Estimate
Portfolio Pulse from mahesh@benzinga.com
TechTarget (NASDAQ:TTGT) reported Q2 earnings of $0.45 per share, beating the analyst consensus estimate of $0.39 by 15.38%. However, this is a 33.82% decrease from the same period last year. The company also reported quarterly sales of $58.43 million, beating the estimate of $56.84 million by 2.80%, but this is a 25.92% decrease from the same period last year.
August 08, 2023 | 9:48 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
TechTarget's Q2 earnings and sales beat estimates but are significantly lower than the same period last year. This mixed result could lead to uncertainty in the market.
While TechTarget beat the estimates for Q2, the significant decrease in earnings and sales compared to the same period last year could lead to uncertainty among investors. This could potentially impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100