Semrush Holdings, Inc. (NYSE:SEMR ) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Brinlea Johnson - Investor Relations Oleg Shchegolev - Chief Executive Officer Eugene Levin - President Brian Mulroy - Chief Financial Officer Conference Call Participants Robert Morelli - Needham & Company. Mark Murphy - JPMorgan Elizabeth Porter - Morgan Stanley Adam Hotchkiss - Goldman Sachs Operator Good morning and thank you for attending to Semrush Holdings Third Quarter 2024 Results Conference Call.
SEMrush Holdings, Inc. (SEMR) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.06 per share a year ago.
Shares of SEMrush Holdings Inc (SEMR, Financial) fell 8.01% in mid-day trading on Oct 2. The stock reached an intraday low of $13.98, before recovering slightly to $14.02, down from its previous close of $15.24.
Semrush (SEMR) targets small and medium-sized businesses but is expanding to larger enterprises with a new customizable product. Strong financial performance with consistent revenue growth; interest rate decreases could benefit small and medium-sized businesses by 2025. Larger companies demand more flexibility and customization, which SEMR's new enterprise product now offers.
Semrush Holdings reported strong 2Q24 results with revenue growth, expanded margins, and accelerated ARR growth. Potential growth from up/cross-selling improved from strategic acquisitions. I am giving a hold rating as the near-term upside is priced in, and I wanted to monitor whether the underlying cross/up-selling & up-market penetration strength is sustainable.
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SEMrush Holdings, Inc. (SEMR) came out with quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.03 per share a year ago.
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The enhanced data analytics capabilities of Datos empower Semrush (SEMR) users to better understand the consumer journey and the path to purchase for improved digital marketing efforts.
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The new platform from Semrush (SEMR) leverages AI to automate labor-intensive tasks to dramatically reduce the time required for analysis and issue resolution.