Datadog Sees FY24 Revenue $2.59B-$2.61B Vs $2.581B Estimate; Sees Adj. EPS $1.51-$1.57 Vs $1.45 Estimate
Portfolio Pulse from Benzinga Newsdesk
Datadog projects its FY24 revenue to be between $2.59B and $2.61B, surpassing the $2.581B estimate. Additionally, the company forecasts its adjusted EPS to be between $1.51 and $1.57, exceeding the $1.45 estimate.
May 07, 2024 | 11:04 am
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POSITIVE IMPACT
Datadog's FY24 revenue and adjusted EPS forecasts exceed analyst estimates, indicating strong future performance.
Exceeding revenue and EPS estimates typically leads to positive investor sentiment and can result in a stock price increase. Datadog's higher-than-expected forecasts for both key financial metrics suggest the company is on a solid growth trajectory, which is likely to be viewed favorably by investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100