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

DoubleDown Interactive

09/05/2024 18:24

* DoubleDown Interactive Co Ltd  DDI.OQ  reported quarterly
adjusted earnings of 61 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 48 cents.  The mean expectation of
two analysts for the quarter was for earnings of 48 cents per
share. 
    * Revenue rose 13.6% to $88.14 million from a year ago;
analysts
expected $82.30 million. 
    * DoubleDown Interactive Co Ltd's reported EPS for the
quarter was
61 cents​.
    * The company reported quarterly net income of $30.31
million.
    * DoubleDown Interactive Co Ltd shares had risen by 0.7%
this
quarter and gained 49.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 3 "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 May 9 at 05:23
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      0.48           0.61           Beat
 Dec. 31 2023      0.52           0.51           Missed
 Sep. 30 2023      0.48           0.54           Beat
 Jun. 30 2023      0.41           0.49           Beat