Recap: TechTarget Q4 Earnings
Portfolio Pulse from Benzinga Insights
TechTarget (NASDAQ:TTGT) reported Q4 earnings with an EPS of $0.42, beating estimates by 13.51% but with a revenue decrease of $15.74M from the previous year. The company has a history of surpassing EPS estimates, leading to share price increases.
February 07, 2024 | 9:30 pm
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TechTarget reported a Q4 EPS of $0.42, surpassing estimates by 13.51%, despite a revenue decrease from the previous year. Historical data shows positive share price movement following earnings beats.
TechTarget's Q4 earnings beat and historical performance of share price increases following earnings beats suggest a positive short-term impact on TTGT's stock price. However, the decrease in revenue year-over-year introduces caution, slightly reducing confidence in the magnitude of the positive impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100