Recap: TechTarget Q3 Earnings
Portfolio Pulse from Benzinga Insights
TechTarget (NASDAQ:TTGT) reported Q3 earnings, beating estimated earnings by 19.44% with an EPS of $0.43, against an estimate of $0.36. However, revenue was down $20.28 million from the same period last year. Last quarter, the company beat EPS by $0.06, which was followed by a 6.77% increase in the share price the next day.
November 08, 2023 | 9:30 pm
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POSITIVE IMPACT
TechTarget's Q3 earnings beat estimates, but revenue was down YoY. Last quarter's EPS beat led to a share price increase.
TechTarget's earnings beat could potentially lead to a short-term increase in share price, as seen in the previous quarter. However, the decrease in revenue YoY might temper investor enthusiasm, leading to a potential mixed short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100