SEMrush (SEMR) ZACKS·2024-11-08 01:56Core Insights - SEMrush Holdings, Inc. reported quarterly earnings of 0.07 per share, representing an earnings surprise of -14.29% [1] - The company posted revenues of 78.72 million [2] - SEMrush shares have increased about 1% since the beginning of the year, underperforming the S&P 500's gain of 24.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is 100.93 million, and for the current fiscal year, it is 374.19 million [7] - The estimate revisions trend for SEMrush is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Internet - Software industry, to which SEMrush belongs, is currently in the top 25% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]