DigitalOcean Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary
04/11/2024 15:25
* DigitalOcean Holdings Inc DOCN.N reported quarterly
adjusted
earnings of 52 cents per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 44 cents. The mean expectation of
thirteen analysts for the quarter was for earnings of 40 cents
per share. Wall Street expected results to range from 39 cents
to 42 cents per share.
* Revenue rose 12.1% to $198.48 million from a year ago;
analysts
expected $196.71 million.
* DigitalOcean Holdings Inc's reported EPS for the quarter
was 33
cents.
* The company reported quarterly net income of $32.95
million.
* DigitalOcean Holdings Inc shares had risen by 1.1% this
quarter and gained 11.3% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 1.4%
in the last three months.
* In the last 30 days, there have been no negative revisions
of
earnings estimates
RECOMMENDATIONS
* 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 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 $42.00
This summary was machine generated from LSEG data November 4 at
03:25 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
Sep. 30 2024 0.40 0.52 Beat
Jun. 30 2024 0.39 0.48 Beat
Mar. 31 2024 0.38 0.43 Beat
Dec. 31 2023 0.37 0.44 Beat