Squarespace closed the most recent trading day at $29.73, moving +1.92% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.73%. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.93%.
Shares of the a software company have appreciated by 0.93% over the course of the past month, outperforming the Computer and Technology sector's loss of 0.22% and the S&P 500's loss of 2.29%.
Analysts and investors alike will be keeping a close eye on the performance of Squarespace in its upcoming earnings disclosure. The company's earnings report is set to go public on November 7, 2023. It is anticipated that the company will report an EPS of $0.13, marking an 85.71% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $252.37 million, up 15.93% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.29 per share and revenue of $993.36 million, indicating changes of +252.63% and +14.58%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Squarespace. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Squarespace possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Squarespace is currently being traded at a Forward P/E ratio of 102.35. This valuation marks a premium compared to its industry's average Forward P/E of 23.33.
Investors should also note that SQSP has a PEG ratio of 6.08 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Software and Services industry had an average PEG ratio of 1.27 as trading concluded yesterday.
The Internet - Software and Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Squarespace (SQSP) Surpasses Market Returns: Some Facts Worth Knowing
Squarespace closed the most recent trading day at $29.73, moving +1.92% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.73%. At the same time, the Dow added 0.62%, and the tech-heavy Nasdaq gained 0.93%.
Shares of the a software company have appreciated by 0.93% over the course of the past month, outperforming the Computer and Technology sector's loss of 0.22% and the S&P 500's loss of 2.29%.
Analysts and investors alike will be keeping a close eye on the performance of Squarespace in its upcoming earnings disclosure. The company's earnings report is set to go public on November 7, 2023. It is anticipated that the company will report an EPS of $0.13, marking an 85.71% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $252.37 million, up 15.93% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.29 per share and revenue of $993.36 million, indicating changes of +252.63% and +14.58%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Squarespace. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Squarespace possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Squarespace is currently being traded at a Forward P/E ratio of 102.35. This valuation marks a premium compared to its industry's average Forward P/E of 23.33.
Investors should also note that SQSP has a PEG ratio of 6.08 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Software and Services industry had an average PEG ratio of 1.27 as trading concluded yesterday.
The Internet - Software and Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.