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Similarweb (SMWB)
NYSE:SMWB
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Earnings Data
Report Date
Feb 18, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.04Last Year’s EPS
0.06Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 10, 2021
|% Change Since: 34.86%
|Next Earnings Date:Aug 11, 2021
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in revenue growth, customer acquisition, and strategic deals with major tech companies. However, there is a cautious outlook for Q4 revenue growth and challenges related to consumer behavior changes due to AI. Overall, the positive highlights significantly outweigh the lowlights.Company Guidance
During the Q3 2024 earnings call for Similarweb (SMWB), the company provided guidance reflecting strong financial and operational performance. CEO Or Offer highlighted an 18% year-over-year revenue growth, driven by a 21% increase in total customer count and a 2 percentage point rise in net retention rate (NRR). Additionally, CFO Jason Schwartz noted that remaining performance obligations (RPO) totaled $212 million, a 27% increase from the previous year, with 76% expected to be recognized as revenue over the next 12 months. The company reported a non-GAAP operating margin of 7% and generated $9 million in free cash flow for the quarter. Looking ahead, Similarweb raised its full-year 2024 revenue guidance to a range of $249 million to $250 million, while narrowing the non-GAAP operating profit range to between $14 million and $15 million. For Q4, the company expects revenue in the range of $64.7 million to $65.7 million, implying approximately 15% year-over-year growth at the midpoint, with non-GAAP operating profit anticipated between $1.5 million to $2.5 million.Accelerating Revenue Growth
Revenue growth accelerated to 18% year-over-year in Q3, marking the fourth consecutive quarter of accelerating growth.
Record Customer Growth
Total customer count grew 21% year-over-year, with net retention rate increasing by 2 percentage points.
Second 8-Digit Customer Secured
Secured a second 8-digit customer in October, marking significant engagement with big tech companies.
Positive Free Cash Flow
Generated $9 million of free cash flow in Q3, marking the fourth consecutive quarter of positive free cash flow.
Raised Revenue Guidance
Increased revenue guidance for the full year 2024 to a range of $249 million to $250 million.
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SMWB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SMWB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $10.70 | $11.12 | +3.93% |
| Aug 06, 2024 | $6.29 | $7.44 | +18.28% |
| May 07, 2024 | $7.45 | $7.00 | -6.04% |
| Feb 13, 2024 | $6.66 | $7.56 | +13.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Similarweb (SMWB) report earnings?
Similarweb (SMWB) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
What is Similarweb (SMWB) earnings time?
Similarweb (SMWB) earnings time is at Feb 18, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SMWB EPS forecast?
SMWB EPS forecast for the fiscal quarter 2024 (Q4) is 0.04.
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