Recap: GoDaddy Q4 Earnings
Portfolio Pulse from Benzinga Insights
GoDaddy (NYSE:GDDY) reported Q4 earnings with an EPS of $1.02, missing estimates by 1.92% against an expected $1.04. Revenue increased by $60 million from the previous year. In contrast, last quarter, GoDaddy exceeded EPS estimates, leading to a 13.79% share price increase the following day. Historical earnings data shows fluctuating performance over the past year.
February 13, 2024 | 9:45 pm
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NEUTRAL IMPACT
GoDaddy reported Q4 earnings with a slight miss on EPS estimates but showed revenue growth from the previous year.
Although GoDaddy missed the EPS estimate by a small margin, the revenue growth indicates a positive financial trajectory. Historically, a beat in the previous quarter led to a significant stock price increase, suggesting that the market may react more to trends in earnings performance rather than a single quarter's miss. However, the slight miss in EPS could temper expectations, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100