DigitalOcean Holdings Inc expected to post earnings of 39 cents a share - Earnings Preview

DigitalOcean Holdings

07/08/2024 03:03

* DigitalOcean Holdings Inc  DOCN.N   DOCN.K  is expected
to show
a rise in quarterly revenue when it reports  results on August 8
for the period ending June 30 2024
    * The New York City-based  company is expected to report a
11.0% increase in revenue to $188.564 million from $169.81
million a year ago, according to the mean estimate from 12
analysts, based on LSEG data.The company's guidance on May 10
2024, for the period ended June 30, was for revenue between
$188.00 million and $189.00 million.
    * ​LSEG's mean analyst estimate for DigitalOcean Holdings
Inc is
for earnings of 39 cents per share. The company's EPS guidance
on May 10 2024, for the period ended June 30, was between $0.38
and $0.40 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 6
"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 $27.81. ​​​

The company's guidance on May 10 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD188 million and USD71.82 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  
 Mar. 31 2024  0.38        0.38       0.43      Beat    12.9
 Dec. 31 2024  0.37                   0.44              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.        0.28        0.28       0.28      Met     -1.3
 31 2023                                                
 Dec. 31 2022  0.20        0.20       0.28      Beat    43.1​
 Sep. 30 2022  0.23        0.23       0.38      Beat    65.8
 Jan. 1 0001   0.10        0.10       0.20      Beat    93.6
 This summary was machine generated August 7 at 02:03 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)