For the quarter ended June 2024, Squarespace reported revenue of $296.77 million, up 19.9% over the same period last year. EPS came in at $0.04, compared to $0.03 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $293 million, representing a surprise of +1.29%. The company delivered an EPS surprise of -63.64%, with the consensus EPS estimate being $0.11.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Squarespace performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Unique subscriptions
: 5 compared to the 5 average estimate based on four analysts.Total bookings
: $319.77 million versus $315.97 million estimated by three analysts on average.Average revenue per unique subscription (ARPUS)
: $225.45 versus the two-analyst average estimate of $231.49.Annual run-rate revenue (ARRR)
: $1.18 billion compared to the $1.16 billion average estimate based on two analysts.Gross Merchandise Value (GMV)
: $1.59 billion versus $1.71 billion estimated by two analysts on average.Revenue- Commerce
: $81.40 million versus $79.85 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +7.9% change.Revenue- Presence
: $215.37 million compared to the $207.37 million average estimate based on seven analysts. The reported number represents a change of +25.2% year over year.
View all Key Company Metrics for Squarespace here>>>Shares of Squarespace have returned +0.7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Squarespace (SQSP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2024, Squarespace reported revenue of $296.77 million, up 19.9% over the same period last year. EPS came in at $0.04, compared to $0.03 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $293 million, representing a surprise of +1.29%. The company delivered an EPS surprise of -63.64%, with the consensus EPS estimate being $0.11.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Squarespace performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Squarespace here>>>Unique subscriptions
: 5 compared to the 5 average estimate based on four analysts.Total bookings
: $319.77 million versus $315.97 million estimated by three analysts on average.Average revenue per unique subscription (ARPUS)
: $225.45 versus the two-analyst average estimate of $231.49.Annual run-rate revenue (ARRR)
: $1.18 billion compared to the $1.16 billion average estimate based on two analysts.Gross Merchandise Value (GMV)
: $1.59 billion versus $1.71 billion estimated by two analysts on average.Revenue- Commerce
: $81.40 million versus $79.85 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +7.9% change.Revenue- Presence
: $215.37 million compared to the $207.37 million average estimate based on seven analysts. The reported number represents a change of +25.2% year over year.Shares of Squarespace have returned +0.7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.