Similarweb Sees Q1 Total Revenue $58.5M-$59M vs $57.52M Est., Sees FY24 Revenue $242M-$246M vs $239M Est.
Portfolio Pulse from Benzinga Newsdesk
Similarweb forecasts Q1 total revenue to be between $58.5M and $59M, surpassing the estimated $57.52M. Additionally, the company projects its FY24 revenue to range from $242M to $246M, exceeding the $239M estimate.
February 13, 2024 | 9:56 pm
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POSITIVE IMPACT
Similarweb's positive revenue forecast for both Q1 and FY24 suggests strong financial performance, likely leading to increased investor confidence.
Similarweb's forecasted revenue for Q1 and FY24 exceeds analysts' expectations, indicating a robust financial outlook. This positive news is likely to increase investor confidence and demand for SMWB shares, potentially driving up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100