Datadog Expects Q1 Revenue of $587M-$591M Vs $585.95M Est, Adj EPS of $0.33-$0.35 Vs $0.39 Est, FY24 Revenue of $2.555B-$2.575B Vs $2.59B Est, Adj EPS of $1.38-$1.44 Vs $1.83 Est
Portfolio Pulse from Benzinga Newsdesk
Datadog has provided its Q1 and FY24 financial outlook, expecting Q1 revenue of $587M-$591M, slightly above estimates, but with an adjusted EPS of $0.33-$0.35, below the $0.39 estimate. For FY24, the company forecasts revenue of $2.555B-$2.575B, slightly below the $2.59B estimate, and an adjusted EPS of $1.38-$1.44, significantly lower than the $1.83 estimate.
February 13, 2024 | 12:05 pm
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Datadog expects Q1 revenue to slightly exceed estimates but projects lower adjusted EPS than expected. FY24 revenue and EPS forecasts also fall short of analyst predictions.
The company's projection of lower-than-expected adjusted EPS for both Q1 and FY24, despite slightly higher revenue forecasts, may concern investors about profitability and operational efficiency. This could lead to short-term negative sentiment and pressure on the stock price.
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