TechTarget Earnings: Here’s Why Shares are Up Now

TechTarget, Inc. (NASDAQ:TTGT) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.4%.

TechTarget, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 60% to $0.08 in the quarter versus EPS of $0.11 in the year-earlier quarter.

Revenue: Decreased 12.37% to $25.36 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: TechTarget, Inc. reported adjusted EPS income of $0.08 per share. By that measure, the company beat the mean analyst estimate of $0.06. It beat the average revenue estimate of $25.06 million.

Quoting Management: “The lack of certainty and confidence continues to take a toll on our customers, who rely on a healthy CAPEX environment for growth. Not surprisingly, we continue to see cuts to marketing budgets, which adversely affect us. Despite this challenging environment, we continue to perform well against our competition”, said Greg Strakosch, TechTarget Chairman and CEO. “We are especially pleased with the 50% growth in 2012 in our international business, the initial market reception to our new product launch, IT Deal Alert™ and our healthy margins and cash flow”.

Key Stats (on next page)…

Revenue increased 3.3% from $24.55 million in the previous quarter. EPS increased 60% from $0.05 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.05 and has not changed. For the current year, the average estimate is a profit of $0.24, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)