DigitalOcean Sees Q4 EPS $0.36-$0.37 Vs $0.38 Est.; Revenue $178M Vs $175.15M Est.; FY23 EPS $1.52-$1.54 Vs $1.46 Est. ; Revenue $690M Vs $683.35M Est.
Portfolio Pulse from Benzinga Newsdesk
DigitalOcean (DOCN) has provided its Q4 and FY23 financial outlook. The company expects Q4 EPS of $0.36-$0.37, higher than the estimated $0.38, and revenue of $178M, surpassing the estimated $175.15M. For FY23, DigitalOcean anticipates EPS of $1.52-$1.54, higher than the estimated $1.46, and revenue of $690M, exceeding the estimated $683.35M.
November 02, 2023 | 8:28 pm
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POSITIVE IMPACT
DigitalOcean's Q4 and FY23 EPS and revenue expectations surpass estimates, which could positively impact the company's stock price in the short term.
DigitalOcean's higher-than-expected earnings and revenue forecasts for Q4 and FY23 indicate strong financial performance, which could increase investor confidence and drive up the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100