Squarespace: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Squarespace (NYSE:SQSP) reported Q4 earnings with an EPS of $0.04, missing estimates by -71.0% against an expected $0.14. Revenue increased by $41.91 million from the previous year. The company's past earnings performance shows a pattern of missed EPS estimates, with a notable 2.0% share price drop following last quarter's earnings miss.
February 28, 2024 | 11:20 am
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NEGATIVE IMPACT
Squarespace reported a significant miss in Q4 earnings with an EPS of $0.04 against an estimate of $0.14, and a revenue increase from the previous year.
The significant miss in estimated earnings (-71.0%) and the historical context of a 2.0% share price drop following last quarter's earnings miss suggest a negative short-term impact on SQSP's stock price. The consistent pattern of missing EPS estimates further supports the expectation of a negative market reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100