Marketing analytics software Semrush (NYSE:SEMR) will be reporting results today afternoon. Here's what you need to know.
Last quarter SEMrush reported revenues of $65.8 million, up 33.6% year on year, beating analyst revenue expectations by 2.85%. It was a mixed quarter for the company, with strong top line growth but underwhelming revenue guidance for the next quarter. The company added 3,000 customers to a total of 94,000.
Is SEMrush buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting SEMrush's revenue to grow 25.7% year on year to $67.6 million, slowing down from the 47.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.08 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 4.06%.
Looking at SEMrush's peers in the sales and marketing software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Yext delivered top-line growth of 0.96% year on year, beating analyst estimates by 1.53% and Shopify reported revenues up 25.7% year on year, exceeding estimates by 5.11%. Yext traded down 9.09% on the results, Shopify was down 0.71%. Read our full analysis of Yext's results here and Shopify's results here.
Tech stocks have been under pressure since the end of last year and while some of the software stocks have fared somewhat better, they have not been spared, with share price declining 9.76% over the last month. SEMrush is down 10.8% during the same time, and is heading into the earnings with analyst price target of $12.8, compared to share price of $7.91.
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The author has no position in any of the stocks mentioned.