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SEMrush Holdings, Inc. (SEMR) Beats Stock Market Upswing: What Investors Need to Know
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The latest trading session saw SEMrush Holdings, Inc. (SEMR - Free Report) ending at $12.29, denoting a +0.33% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.02%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.1%.
The the stock of company has fallen by 5.26% in the past month, lagging the Computer and Technology sector's loss of 5.13% and the S&P 500's loss of 3.01%.
Analysts and investors alike will be keeping a close eye on the performance of SEMrush Holdings, Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on May 6, 2024. In that report, analysts expect SEMrush Holdings, Inc. to post earnings of $0.05 per share. This would mark year-over-year growth of 200%. In the meantime, our current consensus estimate forecasts the revenue to be $85.08 million, indicating a 20.05% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $0.25 per share and a revenue of $366.2 million, demonstrating changes of +108.33% and +19.02%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for SEMrush Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SEMrush Holdings, Inc. is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, SEMrush Holdings, Inc. is holding a Forward P/E ratio of 50. This signifies a premium in comparison to the average Forward P/E of 28.83 for its industry.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 63, putting it in the top 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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SEMrush Holdings, Inc. (SEMR) Beats Stock Market Upswing: What Investors Need to Know
The latest trading session saw SEMrush Holdings, Inc. (SEMR - Free Report) ending at $12.29, denoting a +0.33% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.02%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.1%.
The the stock of company has fallen by 5.26% in the past month, lagging the Computer and Technology sector's loss of 5.13% and the S&P 500's loss of 3.01%.
Analysts and investors alike will be keeping a close eye on the performance of SEMrush Holdings, Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on May 6, 2024. In that report, analysts expect SEMrush Holdings, Inc. to post earnings of $0.05 per share. This would mark year-over-year growth of 200%. In the meantime, our current consensus estimate forecasts the revenue to be $85.08 million, indicating a 20.05% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $0.25 per share and a revenue of $366.2 million, demonstrating changes of +108.33% and +19.02%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for SEMrush Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SEMrush Holdings, Inc. is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, SEMrush Holdings, Inc. is holding a Forward P/E ratio of 50. This signifies a premium in comparison to the average Forward P/E of 28.83 for its industry.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 63, putting it in the top 25% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.