DigitalOcean Holdings Inc reports results for the quarter ended in March - Earnings Summary
10/05/2024 16:14
* DigitalOcean Holdings Inc DOCN.N reported quarterly
adjusted
earnings of 43 cents per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of 28 cents. The mean expectation of
twelve analysts for the quarter was for earnings of 38 cents per
share. Wall Street expected results to range from 37 cents to 39
cents per share.
* Revenue rose 12% to $185.00 million from a year ago;
analysts
expected $182.58 million.
* DigitalOcean Holdings Inc's reported EPS for the quarter
was 15
cents.
* The company reported quarterly net income of $14.14
million.
* DigitalOcean Holdings Inc shares had fallen by 14.7% this
quarter and lost 11.2% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 2.6%
in the last three months.
* In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.
RECOMMENDATIONS
* 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 average consensus recommendation for the it services &
consulting peer group is also "buy"
Wall Street's median 12-month price target for DigitalOcean
Holdings Inc is $41.00
This summary was machine generated from LSEG data May 10 at
03:14 p.m. UTC. 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) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Mar. 31 2024 0.38 0.43 Beat
Dec. 31 2023 0.37 0.44 Beat
Sep. 30 2023 0.36 0.44 Beat
Jun. 30 2023 0.41 0.44 Beat