Recap: Doximity Q3 Earnings
Portfolio Pulse from Benzinga Insights
Doximity (NYSE:DOCS) reported Q3 earnings with an EPS of $0.29, beating estimates by 26.09% and showing a revenue increase of $20.02 million from the previous year. The company has consistently outperformed EPS estimates over the past four quarters, leading to significant share price movements.
February 08, 2024 | 9:05 pm
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POSITIVE IMPACT
Doximity reported a significant beat on Q3 earnings and a notable year-over-year revenue increase, continuing a trend of outperforming EPS estimates.
Doximity's Q3 earnings beat and consistent history of outperforming EPS estimates suggest a positive outlook for the stock. The company's ability to exceed expectations and show revenue growth is likely to instill confidence in investors, potentially leading to a short-term increase in stock price, similar to the 16.24% increase observed after last quarter's earnings beat.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100