Similarweb (SMWB) to Release Earnings on Tuesday

Similarweb (NYSE:SMWB) is scheduled to post its quarterly earnings results after the market closes on Tuesday, November 12th. Analysts expect Similarweb to post earnings of $0.04 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Similarweb (NYSE:SMWB) last posted its earnings results on Tuesday, August 6th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.04. The business had revenue of $60.64 million for the quarter, compared to analyst estimates of $60.23 million. Similarweb had a negative return on equity of 60.53% and a negative net margin of 5.07%. On average, analysts expect Similarweb to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Similarweb Stock Up 0.6 %

Shares of SMWB stock traded up $0.05 during trading on Tuesday, reaching $8.70. 80,393 shares of the company’s stock were exchanged, compared to its average volume of 187,890. Similarweb has a twelve month low of $4.58 and a twelve month high of $9.76. The firm’s fifty day moving average price is $8.88 and its 200-day moving average price is $7.99.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Northland Capmk raised Similarweb to a “strong-buy” rating in a report on Tuesday, September 10th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 price objective on shares of Similarweb in a report on Wednesday, August 7th. Northland Securities assumed coverage on Similarweb in a report on Tuesday, September 10th. They issued an “outperform” rating and a $15.00 price objective on the stock. William Blair reaffirmed an “outperform” rating on shares of Similarweb in a report on Monday, September 9th. Finally, JMP Securities upped their price objective on Similarweb from $14.00 to $16.00 and gave the company a “market outperform” rating in a report on Wednesday, August 21st. Eight research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $11.71.

Similarweb Company Profile

Similarweb Ltd. provides cloud-based digital intelligence solutions in the United States, Europe, the Asia Pacific, the United Kingdom, Israel, and internationally. The company offers digital research intelligence solutions for its customers to benchmark performance against competitors and market leaders, analyze trends in the market, conduct deeper research into specific companies, and analyze audience behavior; and digital marketing intelligence solutions for its customers to understand their competitors' online acquisition strategies in each marketing channel, and optimize their own strategies.