Similarweb Expects Q2 Total Revenue Of $60M-$60.5M (Est $60.313M), Continues To Expect Total Revenue Of $242M-$246M (Est $249.82M)
Portfolio Pulse from Benzinga Newsdesk
Similarweb has provided its Q2 revenue forecast, expecting between $60M-$60.5M, aligning closely with the estimated $60.313M. The company also reaffirms its full-year revenue guidance of $242M-$246M, which is slightly below the estimated $249.82M.
May 07, 2024 | 9:36 pm
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Similarweb's Q2 revenue forecast is in line with expectations, but its full-year guidance falls short of estimates.
Similarweb's announcement of its Q2 revenue forecast aligns with analyst expectations, indicating stability in the short term. However, the reaffirmation of its full-year revenue guidance, which is below the market's estimated $249.82M, could lead to negative sentiment among investors. This discrepancy suggests potential challenges ahead, possibly affecting the stock's short-term performance negatively.
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