Stock Track | SEMrush Plunges 15% Despite Raising Revenue Guidance After Q3 Earnings Miss

Stock Track11-08

Shares of SEMrush Holdings, Inc. (NYSE: SEMR) plummeted over 15% in pre-market trading on Thursday after the online visibility management platform missed earnings estimates for the third quarter of 2024, overshadowing a raised revenue outlook.

For Q3, SEMrush reported adjusted earnings per share of $0.05, lower than the $0.07 expected by analysts and down from $0.06 in the year-ago quarter. Revenue rose 23.7% year-over-year to $97.41 million, beating estimates of $96.65 million.

Despite the earnings miss, SEMrush raised its full-year 2024 revenue guidance to a range of $375 million to $376 million, up from the previous $373 million to $375 million range. The company also boosted its non-GAAP operating margin forecast for 2024 to approximately 12% from the prior outlook.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1117475628?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-08 17:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1117475628","market":"us","top_or_hot":-1,"title":"Stock Track | SEMrush Plunges 15% Despite Raising Revenue Guidance After Q3 Earnings Miss","media":"Stock Track","content":"<p>Shares of SEMrush Holdings, Inc. (NYSE: SEMR) plummeted over 15% in pre-market trading on Thursday after the online visibility management platform missed earnings estimates for the third quarter of 2024, overshadowing a raised revenue outlook.</p>\n\n<p>For Q3, SEMrush reported adjusted earnings per share of $0.05, lower than the $0.07 expected by analysts and down from $0.06 in the year-ago quarter. Revenue rose 23.7% year-over-year to $97.41 million, beating estimates of $96.65 million.</p>\n\n<p>Despite the earnings miss, SEMrush raised its full-year 2024 revenue guidance to a range of $375 million to $376 million, up from the previous $373 million to $375 million range. The company also boosted its non-GAAP operating margin forecast for 2024 to approximately 12% from the prior outlook.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | SEMrush Plunges 15% Despite Raising Revenue Guidance After Q3 Earnings Miss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | SEMrush Plunges 15% Despite Raising Revenue Guidance After Q3 Earnings Miss\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-08 17:42 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of SEMrush Holdings, Inc. (NYSE: SEMR) plummeted over 15% in pre-market trading on Thursday after the online visibility management platform missed earnings estimates for the third quarter of ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SEMR","symbol_name":"SEMrush Holdings, Inc.","start_time":0,"source_url":"","article_id":"1117475628","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1117475628","pubTimestamp":1731058943,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of SEMrush Holdings, Inc.  plummeted over 15% in pre-market trading on Thursday after the online visibility management platform missed earnings estimates for the third quarter of 2024, overshadowing a raised revenue outlook.For Q3, SEMrush reported adjusted earnings per share of $0.05, lower than the $0.07 expected by analysts and down from $0.06 in the year-ago quarter. Revenue rose 23.7% year-over-year to $97.41 million, beating estimates of $96.65 million.Despite the earnings miss, SEM","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"SEMR":"SEMrush Holdings, Inc."},"translate_title":"尽管第三季度盈利未达预期后提高了收入指引，但股票追踪SEMrush仍暴跌15%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SEMR":1},"content_text":"Shares of SEMrush Holdings, Inc. (NYSE: SEMR) plummeted over 15% in pre-market trading on Thursday after the online visibility management platform missed earnings estimates for the third quarter of 2024, overshadowing a raised revenue outlook.\nFor Q3, SEMrush reported adjusted earnings per share of $0.05, lower than the $0.07 expected by analysts and down from $0.06 in the year-ago quarter. Revenue rose 23.7% year-over-year to $97.41 million, beating estimates of $96.65 million.\nDespite the earnings miss, SEMrush raised its full-year 2024 revenue guidance to a range of $375 million to $376 million, up from the previous $373 million to $375 million range. The company also boosted its non-GAAP operating margin forecast for 2024 to approximately 12% from the prior outlook.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1117475628"}