TechTarget Q3 2023 Adj EPS $0.43 Beats $0.36 Estimate, Sales $57.13M Beat $55.74M Estimate
Portfolio Pulse from totan@benzinga.com
TechTarget (NASDAQ:TTGT) reported Q3 2023 earnings of $0.43 per share, beating the analyst consensus estimate of $0.36 by 19.44%. However, this is a 36.76% decrease from the same period last year. The company also reported quarterly sales of $57.13 million, beating the estimate of $55.74 million by 2.49%, but this is a 26.20% decrease from the same period last year.
November 08, 2023 | 9:27 pm
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NEUTRAL IMPACT
TechTarget's Q3 2023 earnings and sales beat estimates but are significantly lower than the same period last year.
While TechTarget beat the estimates for both earnings and sales, the significant decrease from the same period last year might concern investors. This could potentially lead to a neutral or negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100