Why Management SaaS Platform SEMrush Shares Are Diving Tuesday
Portfolio Pulse from Lekha Gupta
SEMrush Holdings, Inc. (NYSE:SEMR) shares dropped after reporting Q4 FY23 results with a 21% Y/Y revenue increase to $83.39 million, beating consensus but with a lower future revenue outlook than expected. The company also reported an EPS of $0.05, surpassing consensus, and anticipates a revenue of $364 million-$368 million for FY24, slightly below the $368.81 million estimate.
March 05, 2024 | 2:32 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
SEMrush shares declined after Q4 FY23 earnings report showed higher revenue but a future outlook that didn't meet expectations. FY24 revenue projection is below analyst estimates.
Despite SEMrush beating Q4 revenue and EPS estimates, the stock price fell due to its future revenue outlook for FY24 being slightly below analyst expectations. This discrepancy likely led to investor concern over the company's growth trajectory, impacting the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100