Similarweb Ltd reports results for the quarter ended in June - Earnings Summary

• Similarweb Ltd SMWB reported quarterly adjusted earnings of 7 cents​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of -4 cents. The mean expectation of seven analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from 2 cents to 5 cents per share.

• Revenue rose 13% to $60.64 million from a year ago; analysts expected $60.33 million.

• Similarweb Ltd's reported EPS for the quarter was a loss of 1 cent​.

• The company reported a quarterly loss of $738 thousand.

• Similarweb Ltd shares had fallen by 23.6% this quarter and gained 11.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 36.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 7 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "strong buy"

Wall Street's median 12-month price target for Similarweb Ltd is $10.50

This summary was machine generated from LSEG data August 6 at 11:09 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)