• Sun. Aug 14th, 2022

Preview: DigitalOcean Holdings’s Earnings – Benzinga

ByBenzinga Insights

Aug 5, 2022
Preview: DigitalOcean Holdings's Earnings - Benzinga

DigitalOcean Holdings DOCN is set to give its latest quarterly earnings report on Monday, 2022-08-08. Here’s what investors need to know before the announcement.

Analysts estimate that DigitalOcean Holdings will report an earnings per share (EPS) of $0.10.

DigitalOcean Holdings bulls will hope to hear the company to announce they’ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed EPS by $0.05, which was followed by a 18.14% drop in the share price the next day.

Here’s a look at DigitalOcean Holdings’s past performance and the resulting price change:

 







Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021
EPS Estimate 0.12 0.09 0.07 0.05
EPS Actual 0.07 0.10 0.12 -0.02
Price Change % -18.14% 7.62% -2.57% -5.99%

Stock Performance

Shares of DigitalOcean Holdings were trading at $44.19 as of August 04. Over the last 52-week period, shares are down 12.22%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for DigitalOcean Holdings visit their earnings calendar on our site.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.



Image and article originally from www.benzinga.com. Read the original article here.