DoubleDown Interactive Co Ltd reports results for the quarter ended in June - Earnings Summary

DoubleDown Interactive

13/08/2024 01:57

* DoubleDown Interactive Co Ltd  DDI.OQ  reported quarterly
adjusted earnings of 67 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 49 cents.  The mean expectation of
three analysts for the quarter was for earnings of 49 cents per
share. Wall Street expected results to range from 47 cents to 51
cents per share.
    * Revenue rose 17.4% to $88.24 million from a year ago;
analysts
expected $83.79 million. 
    * DoubleDown Interactive Co Ltd's reported EPS for the
quarter was
67 cents​.
    * The company reported quarterly net income of $33.18
million.
    * DoubleDown Interactive Co Ltd shares had fallen by 8.1%
this
quarter and gained 63.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.9%
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 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the casinos &
gaming
peer group is also "buy"

Wall Street's median 12-month price target for DoubleDown
Interactive Co Ltd is $16.00 
This summary was machine generated from LSEG data August 13 at
12:57 a.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
 Jun. 30 2024      0.49           0.67           Beat
 Mar. 31 2024      0.48           0.61           Beat
 Dec. 31 2023      0.52           0.51           Missed
 Sep. 30 2023      0.48           0.54           Beat