DigitalOcean Holdings Inc expected to post earnings of 36 cents a share - Earnings Preview
01/11/2023 02:43
* DigitalOcean Holdings Inc DOCN.N DOCN.K is expected
to show
a rise in quarterly revenue when it reports results on November
2.
* The New York City-based company is expected to report a
14.0% increase in revenue to $173.357 million from $152.12
million a year ago, according to the mean estimate from 11
analysts, based on LSEG data. The company's guidance on August 3
2023, for the period ended September 30, was for revenue between
$172.50 million and $174.00 million.
* Refinitiv's mean analyst estimate for DigitalOcean
Holdings Inc
is for earnings of 36 cents per share.
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 7
"hold" and 2 "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for
DigitalOcean
Holdings Inc is $30, above its last closing price of $20.46.
The company's guidance on August 3 2023 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD172.5 million and
USD67.86 million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT IBES MET, SE %
E® ESTIMATE MISSED
Jun. 30 2023 0.41 0.41 0.44 Beat 8.2
Mar. 31 2023 0.28 0.28 0.28 Met -1.3
Dec. 31 2022 0.20 0.20 0.28 Beat 43.1
Sep. 30 2022 0.23 0.23 0.38 Beat 65.8
Jun. 0.10 0.10 0.20 Beat 93.6
30 2022
Mar. 31 2022 0.12 0.12 0.07 Missed -39.8
Dec. 31 2021 0.09 0.09 0.10 Beat 9.8
Sep. 30 2021 0.07 0.07 0.12 Beat 74.5
This summary was machine generated November 1 at 02:43 GMT. All
figures in US dollars unless otherwise stated