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.
Datadog (DDOG) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Read MoreHide Full Article
Wall Street analysts forecast that Datadog (DDOG - Free Report) will report quarterly earnings of $0.58 per share in its upcoming release, pointing to a year-over-year increase of 26.1%. It is anticipated that revenues will amount to $1.08 billion, exhibiting an increase of 30.6% compared to the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Datadog metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Remaining Performance Obligations' will reach $3.60 billion. Compared to the current estimate, the company reported $2.43 billion in the same quarter of the previous year.
The average prediction of analysts places 'Customers' at 34,060 . Compared to the current estimate, the company reported 31,400 in the same quarter of the previous year.
According to the collective judgment of analysts, 'Customers >$100k in ARR' should come in at 4,633 . The estimate compares to the year-ago value of 3,850 .
Over the past month, shares of Datadog have returned +2.9% versus the Zacks S&P 500 composite's +0.2% change. Currently, DDOG carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Datadog (DDOG) Q2 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Wall Street analysts forecast that Datadog (DDOG - Free Report) will report quarterly earnings of $0.58 per share in its upcoming release, pointing to a year-over-year increase of 26.1%. It is anticipated that revenues will amount to $1.08 billion, exhibiting an increase of 30.6% compared to the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Datadog metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Remaining Performance Obligations' will reach $3.60 billion. Compared to the current estimate, the company reported $2.43 billion in the same quarter of the previous year.
The average prediction of analysts places 'Customers' at 34,060 . Compared to the current estimate, the company reported 31,400 in the same quarter of the previous year.
According to the collective judgment of analysts, 'Customers >$100k in ARR' should come in at 4,633 . The estimate compares to the year-ago value of 3,850 .
View all Key Company Metrics for Datadog here>>>Over the past month, shares of Datadog have returned +2.9% versus the Zacks S&P 500 composite's +0.2% change. Currently, DDOG carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .