DigitalOcean Holdings Inc reports results for the quarter ended in March - Earnings Summary

DigitalOcean Holdings

09/05/2023 14:32

* DigitalOcean Holdings Inc  DOCN.N  reported quarterly
adjusted
earnings of 28 cents​​ per share for the quarter ended in March.
The mean expectation of thirteen analysts for the quarter was
for earnings of 28 cents per share.
    * Revenue rose 29.7% to $165.13 million from a year ago;
analysts
expected $164.11 million. 
    * DigitalOcean Holdings Inc's reported EPS for the quarter
was a
loss of 37 cents​.
    * The mean earnings estimate of analysts had risen by
about 17.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * DigitalOcean Holdings Inc shares had fallen by 15.2% this
quarter and gained 30.4% so far this year.
    * The company reported a quarterly loss of $34.94 million.
    * Wall Street's median 12-month price target for
DigitalOcean
Holdings Inc is $34.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
9 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.28           0.28           Met
 Dec. 31 2022      0.20           0.28           Beat
 Sep. 30 2022      0.23           0.38           Beat
 Jun. 30 2022      0.10           0.20           Beat