Similarweb Q4 2023 Adj EPS $0.06 Beats $0.02 Estimate, Sales $56.76M Beat $55.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
Similarweb (NYSE:SMWB) reported Q4 2023 earnings of $0.06 per share, surpassing the $0.02 estimate, with sales of $56.76M beating the $55.89M estimate, marking a 10.53% increase from the previous year.
February 13, 2024 | 9:36 pm
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Similarweb reported a significant beat on both EPS and sales estimates for Q4 2023, with a notable year-over-year sales growth.
Beating both EPS and sales estimates significantly, especially by 200% for EPS, indicates strong financial health and operational efficiency. This outperformance, coupled with a solid year-over-year sales increase, is likely to positively influence investor sentiment and potentially lead to a short-term uptick in SMWB's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100