DigitalOcean Sees Q1 2024 Adj. EPS $0.37-$0.39 Vs $0.37 Est.; Revenue $182M-$183M Vs $181.123M Est.
Portfolio Pulse from Benzinga Newsdesk
DigitalOcean projects its Q1 2024 adjusted EPS to be between $0.37 and $0.39, aligning with the $0.37 estimate. Revenue is expected to be between $182M and $183M, slightly above the $181.123M estimate.
February 21, 2024 | 10:00 pm
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POSITIVE IMPACT
DigitalOcean's Q1 2024 earnings forecast suggests a positive outlook, with both adjusted EPS and revenue projections slightly above estimates.
DigitalOcean's projection of its Q1 2024 adjusted EPS and revenue slightly exceeding analyst estimates indicates a positive business momentum and operational efficiency. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100