DigitalOcean Holdings Inc expected to post earnings of 38 cents a share - Earnings Preview

DigitalOcean Holdings

08/05/2024 14:27

* DigitalOcean Holdings Inc  DOCN.N   DOCN.K  is expected
to show
a rise in quarterly revenue when it reports  results on May 10
for the period ending March 31 2024
    * The New York City-based  company is expected to report a
10.6% increase in revenue to $182.584 million from $165.13
million a year ago, according to the mean estimate from 11
analysts, based on LSEG data.The company's guidance on February
21 2024, for the period ended March 31, was for revenue between
$182.00 million and $183.00 million.
    * ​LSEG's mean analyst estimate for DigitalOcean Holdings
Inc is
for earnings of 38 cents per share. The company's EPS guidance
on February 21 2024, for the period ended March 31, was between
$0.37 and $0.39 
    * 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 $41.00​, above​ its last closing price
of $34.83. ​​​

The company's guidance on February 21 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD182 million and USD69.54 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  
 Dec. 31 2023  0.37        0.37       0.44      Beat    20.1
 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
 ​​Jan.        0.20        0.20       0.28      Beat    43.1
 1 0001                                                 
 Jan. 1 0001   0.23        0.23       0.38      Beat    65.8​
 Jun. 30 2022  0.10        0.10       0.20      Beat    93.6
 Mar. 31 2022  0.12        0.12       0.07      Missed  -39.8
 This summary was machine generated May 8 at 13:27 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)