Direct Digital Holdings Q2 EPS $0.08 Misses $0.11 Estimate, Sales $35.40M Beat $28.99M Estimate
Portfolio Pulse from Benzinga Newsdesk
Direct Digital Holdings (NASDAQ:DRCT) reported Q2 earnings of $0.08 per share, missing the analyst consensus estimate of $0.11 by 27.27%. This is a 55.56% decrease from the same period last year. However, the company reported quarterly sales of $35.40 million, beating the analyst consensus estimate of $28.99 million by 22.12%, a 66.52% increase from the same period last year.
August 10, 2023 | 8:05 pm
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Direct Digital Holdings' Q2 earnings missed estimates but sales exceeded expectations. The company's EPS decreased by 55.56% YoY, while sales increased by 66.52% YoY.
Direct Digital Holdings' Q2 earnings missed the analyst consensus estimate, which could negatively impact the stock. However, the company's sales exceeded expectations, which could offset the negative impact of the earnings miss. The net effect on the stock is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100