Datadog Sees Q2 2024 Revenue $620M-$624M Vs $620.621M Estimate, Sees Adj. EPS $0.34-$0.36 Vs $0.35 Estimate
Portfolio Pulse from Benzinga Newsdesk
Datadog projects its Q2 2024 revenue to be between $620M-$624M, closely aligning with the analyst estimate of $620.621M. The company also forecasts its adjusted EPS to range from $0.34 to $0.36, which brackets the analyst estimate of $0.35.
May 07, 2024 | 11:03 am
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Datadog's Q2 2024 revenue and adjusted EPS forecasts closely match analyst estimates, indicating stable financial expectations.
The news indicates that Datadog's financial performance is expected to closely align with analyst expectations for Q2 2024, suggesting a stable outlook. This alignment with estimates typically results in a neutral short-term impact on the stock price, as it neither significantly exceeds nor falls short of market expectations.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100