SimilarWeb's Earnings Meet Expectations, but Profits Exceed Them

According to a report by SimilarWeb (NYSE: SMWB), earnings per share for the third quarter were $0.05, aligning with analysts' expectations of $0.05. The reported profit for this quarter was determined to be $64.7 million, while analyst expectations were at $62.83 million.

For the fourth quarter of 2024, SimilarWeb's guidance for profit is set between $64.70 million and $65.70 million, with analyst estimates previously disclosed as $65.05 million.

The profit for SimilarWeb's fiscal year 2024 is expected to be between $249.00 million and $250.00 million, whereas analyst predictions were at $247.50 million.

SimilarWeb's stock closed the day at $10.70, indicating a 31.13% increase in value over three months. The stock has risen by 125.26% over the past 12 months.

In the last 90 days, SimilarWeb saw 5 positive earnings per share reports and 0 negative earnings per share reports.

Examine how SimilarWeb's stock price reacted to past earnings reports here. According to InvestingPro, SimilarWeb's financial health score is "Very Good performance."

Explore the latest earnings reports and all financial information related to SimilarWeb here. Stay updated on all developments regarding balance sheets by visiting the Investing.com Earnings Calendar.