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The Markets
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Tech

Squarespace projected to meet its 2Q revenue guidance next week

Squarespace is slated to report earnings before the market opens on Tuesday, and investors watching for an earnings beat in back-to-back quarters.

The consensus Street estimate is revenue of $243.36 million, up from $212.7 million a year earlier, and earnings of $0.13 per share, down from $0.45 per share.

That would be in line with the company’s own guidance.

When Squarespace reported its first-quarter results, it forecasted revenue of $241 million to $245 million, or year-over-year growth of 13% to 15%

The website building and hosting company currently has a consensus analyst rating of 'Moderate Buy,' according to Bloomberg data.

Shares of Squarespace traded 1% lower Friday afternoon at $32.56.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

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