Squarespace Q4 EPS $0.04 Misses $0.14 Estimate, Sales $270.72M Beat $263.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Squarespace (NYSE:SQSP) reported Q4 earnings of $0.04 per share, missing the $0.14 estimate, but sales of $270.72M exceeded the $263.70M forecast. This represents a significant improvement over the previous year, with earnings up 157.14% and sales up 18.31%.
February 28, 2024 | 11:20 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Squarespace's Q4 earnings per share missed estimates, but sales exceeded expectations, showing strong year-over-year growth.
While Squarespace missed EPS estimates, the beat on sales and significant year-over-year growth in both earnings and sales could balance investor sentiment. The miss on EPS might initially disappoint investors, but the sales figures and growth percentages are likely to mitigate negative impacts, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100