DigitalOcean Holdings Inc expected to post earnings of 37 cents a share - Earnings Preview

DigitalOcean Holdings

20/02/2024 24:27

* DigitalOcean Holdings Inc  DOCN.N   DOCN.K  is expected
to show
a rise in quarterly revenue when it reports  results on February
21 for the period ending December 31 2023
    * The New York City-based  company is expected to report a
9.0% increase in revenue to $177.715 million from $163 million a
year ago, according to the mean estimate from 11 analysts, based
on LSEG data.The company's guidance on November 2 2023, for the
period ended December 31, was for revenue of $178.000 million.
    * ​LSEG's mean analyst estimate for DigitalOcean Holdings
Inc is
for earnings of 37 cents per share. The company's EPS guidance
on November 2 2023, for the period ended December 31, was
between $0.36 and $0.37 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"hold" and 1 "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 $39.00​, below​ its last closing price
of $40.30. ​​​

The company's guidance on November 2 2023 for the period ended
December 31 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD178 million and
USD65.86 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.35        0.36       0.44      Beat    21.3
 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.        0.23        0.23       0.38      Beat    65.8
 30 2022                                                
 Jun. 30 2022  0.10        0.10       0.20      Beat    93.6​
 Mar. 31 2022  0.12        0.12       0.07      Missed  -39.8
 Dec. 31 2021  0.09        0.09       0.10      Beat    9.8
 This summary was machine generated February 20 at 00:27 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)