TechTarget (Nasdaq: TTGT ) is expected to report Q2 earnings on Aug. 6. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict TechTarget's revenues will wither -11.7% and EPS will contract -75.0%.
The average estimate for revenue is $23.3 million. On the bottom line, the average EPS estimate is $0.02.
Last quarter, TechTarget recorded revenue of $19.5 million. GAAP reported sales were 18% lower than the prior-year quarter's $23.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
Last quarter, non-GAAP EPS came in at -$0.01. GAAP EPS were -$0.04 for Q1 against $0.01 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.
For the preceding quarter, gross margin was 66.2%, 510 basis points worse than the prior-year quarter. Operating margin was -14.5%, much worse than the prior-year quarter. Net margin was -7.9%, 940 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $89.5 million. The average EPS estimate is $0.09.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 43 members out of 69 rating the stock outperform, and 26 members rating it underperform. Among 19 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 14 give TechTarget a green thumbs-up, and five give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on TechTarget is outperform, with an average price target of $6.33.
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