Similarweb (SMWB) to Release Earnings on Tuesday

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

Similarweb (NYSE:SMWB) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.01) EPS 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 Performance

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on SMWB shares. JMP Securities boosted their target price on Similarweb from $14.00 to $16.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 21st. Northland Capmk upgraded Similarweb to a “strong-buy” rating in a research note on Tuesday, September 10th. Needham & Company LLC started coverage on Similarweb in a research note on Monday, October 21st. They issued a “buy” rating and a $11.00 target price on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 target price on shares of Similarweb in a research note on Wednesday, August 7th. Finally, William Blair restated an “outperform” rating on shares of Similarweb in a research note on Monday, September 9th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $11.71.

About Similarweb

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.