Earnings Preview For Direct Digital Holdings
Portfolio Pulse from Benzinga Insights
Direct Digital Holdings (NASDAQ:DRCT) is scheduled to release its quarterly earnings report on 2024-03-26, with analysts estimating an EPS of $0.26. The company's historical performance shows significant share price movements following earnings announcements, with a 54.79% increase after last quarter's beat. Shares are currently trading at $26.34, up 789.77% over the last 52 weeks, indicating strong long-term shareholder returns.
March 25, 2024 | 4:08 pm
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Direct Digital Holdings is expected to report an EPS of $0.26 for the latest quarter. Historical data shows significant price movements post-earnings, with a 54.79% increase after the last beat.
Given DRCT's history of significant share price movements following earnings beats and the substantial 789.77% increase over the past 52 weeks, the upcoming earnings report is highly relevant. The anticipation of beating the EPS estimate again, coupled with positive guidance, could lead to another short-term price increase.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100