Direct Digital Holdings Inc expected to post a loss of 14 cents a share - Earnings Preview

Direct Digital Holdings

23/08/2024 21:23

* Direct Digital Holdings Inc  DRCT.OQ   DRCT.O  is expected
to show a rise in quarterly revenue when it reports  results on
August 26 (estimated) for the period ending March 31 2024
    * The Houston Texas-based  company is expected to report a
10.5% increase in revenue to $23.459 million from $21.22 million
a year ago, according to the mean estimate from 3 analysts,
based on LSEG data.
    * ​LSEG's mean analyst estimate for Direct Digital Holdings
Inc is
for a loss of 14 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "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 Direct
Digital
Holdings Inc is $17.00​, above​ its last closing price of $3.10.
​​​

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              0.26       0.02      Missed  -93.5
 Jan. 1 2023   0.06        0.05       0.23      Beat    331.3
 Jun. 30 2023  0.11        0.11       0.08      Missed  -25​
 Mar. 31 2023  -0.09       -0.08      -0.09     Missed  -9.1
 ​​Dec.        0.10        0.10       0.01      Missed  -89.7
 31 2022                                                
 Sep. 30 2022  0.05        0.05       0.06      Beat    20​
 Jun. 30 2022  0.07        0.06       0.18      Beat    184.2
 Mar. 31 2022  -0.06       -0.06      -0.09     Missed  -38.5
 This summary was machine generated August 23 at 20:22 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)