We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Seeking Clues to GoDaddy (GDDY) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Read MoreHide Full Article
Analysts on Wall Street project that GoDaddy (GDDY - Free Report) will announce quarterly earnings of $1.46 per share in its forthcoming report, representing an increase of 35.2% year over year. Revenues are projected to reach $1.18 billion, increasing 6.9% from the same quarter last year.
The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific GoDaddy metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Revenue- Applications & commerce' to come in at $435.26 million. The estimate indicates a change of +15.3% from the prior-year quarter.
Analysts forecast 'Revenue- Core platform' to reach $741.05 million. The estimate points to a change of +2.5% from the year-ago quarter.
The consensus estimate for 'Total bookings' stands at $1.20 billion. The estimate compares to the year-ago value of $1.12 billion.
The consensus among analysts is that 'Total customers at period end' will reach 20.87 million. The estimate is in contrast to the year-ago figure of 21.03 million.
It is projected by analysts that the 'Average revenue per user' will reach $218.59. Compared to the current estimate, the company reported $203 in the same quarter of the previous year.
Analysts' assessment points toward 'Segment EBITDA- Applications & Commerce' reaching $189.22 million. Compared to the present estimate, the company reported $164.80 million in the same quarter last year.
Analysts predict that the 'Segment EBITDA- Core Platform' will reach $232.72 million. Compared to the current estimate, the company reported $227.80 million in the same quarter of the previous year.
Over the past month, shares of GoDaddy have returned +9.6% versus the Zacks S&P 500 composite's +2.1% change. Currently, GDDY carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Seeking Clues to GoDaddy (GDDY) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Analysts on Wall Street project that GoDaddy (GDDY - Free Report) will announce quarterly earnings of $1.46 per share in its forthcoming report, representing an increase of 35.2% year over year. Revenues are projected to reach $1.18 billion, increasing 6.9% from the same quarter last year.
The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific GoDaddy metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Revenue- Applications & commerce' to come in at $435.26 million. The estimate indicates a change of +15.3% from the prior-year quarter.
Analysts forecast 'Revenue- Core platform' to reach $741.05 million. The estimate points to a change of +2.5% from the year-ago quarter.
The consensus estimate for 'Total bookings' stands at $1.20 billion. The estimate compares to the year-ago value of $1.12 billion.
The consensus among analysts is that 'Total customers at period end' will reach 20.87 million. The estimate is in contrast to the year-ago figure of 21.03 million.
It is projected by analysts that the 'Average revenue per user' will reach $218.59. Compared to the current estimate, the company reported $203 in the same quarter of the previous year.
Analysts' assessment points toward 'Segment EBITDA- Applications & Commerce' reaching $189.22 million. Compared to the present estimate, the company reported $164.80 million in the same quarter last year.
Analysts predict that the 'Segment EBITDA- Core Platform' will reach $232.72 million. Compared to the current estimate, the company reported $227.80 million in the same quarter of the previous year.
View all Key Company Metrics for GoDaddy here>>>
Over the past month, shares of GoDaddy have returned +9.6% versus the Zacks S&P 500 composite's +2.1% change. Currently, GDDY carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>