Similarweb Q2 Adj EPS $(0.04) Beats $(0.07) Estimate, Sales $53.68M Miss $53.74M Estimate
Portfolio Pulse from mahesh@benzinga.com
Similarweb reported Q2 adjusted EPS of $(0.04), beating the estimate of $(0.07) by 42.86%. However, the company's sales of $53.68M missed the estimate of $53.74M by 0.11%. This represents a 84.62% increase in EPS and a 12.81% increase in sales compared to the same period last year.
August 08, 2023 | 10:01 pm
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NEUTRAL IMPACT
Similarweb's Q2 earnings beat estimates but sales missed slightly. This mixed result could lead to a neutral or slightly positive market reaction.
Similarweb's Q2 earnings beat estimates, which is a positive signal for investors. However, the slight miss on sales could temper this positive news. The overall impact is likely to be neutral or slightly positive, depending on how the market weighs the importance of the earnings beat versus the sales miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100