The chart below shows how TTGT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, TTGT sees a +6.26% change in stock price 10 days leading up to the earnings, and a +0.48% change 10 days following the report. On the earnings day itself, the stock moves by -2.32%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Modest Revenue Growth: We are encouraged to report modest year-over-year revenue growth for the second quarter in a row.
Future Revenue Expectations: We expect to continue to see similar revenue growth in Q4 and into the early part of 2025.
Optimistic Interest Rate Outlook: We have several reasons to be optimistic including a better interest rate environment.
Strategic Investment During Downturn: We used our strong balance sheet to invest during the downturn to strengthen our leadership position.
Deal Closure Timeline: We expect this deal to close this quarter.
Negative
Product Innovation and Adoption: We have seen a lot of product innovation this year. I'd love to hear just how customers are adopting some of these new products and what could be into the pipeline for 2025.
Content Performance Insights: We are reporting on best-performing content, what resonates, what doesn't resonate as well as competitive insights, who's influencing or engaging within those accounts.
Effective Planning Strategy: We are focused on Day one planning. We've got Day 180 planning all the way to Day 365. I'd say the team has been lockstep on this. And I would say that the planning and the pre-merger planning has gone well.
Disciplined Investment Strategy: We are very disciplined, and we're effective when we make those investments in the right areas.
TechTarget, Inc. (TTGT) Q3 2024 Earnings Call Transcript
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