Similarweb Q3 2023 Adj EPS $0.01 Beats $(0.03) Estimate, Sales $54.83M Beat $54.33M Estimate
Portfolio Pulse from vinayak@benzinga.com
Similarweb (NYSE:SMWB) reported Q3 2023 earnings of $0.01 per share, beating the analyst consensus estimate of $(0.03) by 133.33%. This is a 105.56% increase from the same period last year. The company also reported quarterly sales of $54.83 million, beating the analyst consensus estimate of $54.33 million by 0.93%. This is a 9.62% increase from the same period last year.
November 07, 2023 | 10:13 pm
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POSITIVE IMPACT
Similarweb's Q3 2023 earnings and sales beat analyst estimates, indicating a strong financial performance. This could potentially lead to a positive impact on the company's stock price.
Similarweb's earnings and sales for Q3 2023 have exceeded analyst estimates, which is typically a positive signal for investors. This could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100