Direct Digital Holdings Inc reports results for the quarter ended in June - Earnings Summary

Direct Digital Holdings

10/08/2023 22:02

* Direct Digital Holdings Inc  DRCT.OQ  reported quarterly
adjusted earnings of 8 cents​​ per share for the quarter ended
in June. The mean expectation of three analysts for the quarter
was for earnings of 11 cents per share.
    * Revenue rose 66.5% to $35.40 million from a year ago;
analysts
expected $28.99 million. 
    * Direct Digital Holdings Inc's reported EPS for the quarter
was 8
cents​.
    * The mean earnings estimate of analysts had fallen by
about 27.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Direct Digital Holdings Inc shares had fallen by 15.1%
this
quarter and lost 0.2% so far this year.
    * The company reported quarterly net income of $1.2 million.
    * Wall Street's median 12-month price target for Direct
Digital
Holdings Inc is $6.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 10 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.11           0.08           Missed
 Mar. 31 2023      -0.08          -0.09          Missed
 Dec. 31 2022      0.10           0.01           Missed
 Sep. 30 2022      0.05           0.06           Beat