What is Wedbush's Forecast for DDI FY2024 Earnings?

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) - Equities research analysts at Wedbush issued their FY2024 EPS estimates for DoubleDown Interactive in a research note issued on Tuesday, November 12th. Wedbush analyst M. Pachter expects that the company will post earnings per share of $2.38 for the year. Wedbush currently has a "Outperform" rating and a $21.00 price objective on the stock. The consensus estimate for DoubleDown Interactive's current full-year earnings is $2.35 per share. Wedbush also issued estimates for DoubleDown Interactive's Q4 2024 earnings at $0.59 EPS, Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.57 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.61 EPS, FY2025 earnings at $2.31 EPS, Q1 2026 earnings at $0.58 EPS, Q2 2026 earnings at $0.58 EPS, Q3 2026 earnings at $0.58 EPS and FY2026 earnings at $2.35 EPS.

Several other research firms have also issued reports on DDI. Northland Securities upped their target price on DoubleDown Interactive from $18.00 to $21.00 and gave the company an "outperform" rating in a report on Tuesday. B. Riley raised their target price on DoubleDown Interactive from $24.00 to $26.00 and gave the company a "buy" rating in a research report on Tuesday, August 13th.

DoubleDown Interactive Stock Down 2.6 %

DDI stock traded down $0.41 during trading on Thursday, reaching $15.59. The stock had a trading volume of 53,013 shares, compared to its average volume of 35,784. DoubleDown Interactive has a one year low of $7.16 and a one year high of $18.21. The company's 50 day moving average is $14.50 and its two-hundred day moving average is $13.13. The company has a quick ratio of 18.68, a current ratio of 18.68 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $772.48 million, a price-to-earnings ratio of 6.96 and a beta of 0.88.

DoubleDown Interactive (NASDAQ:DDI - Get Free Report) last announced its earnings results on Monday, November 11th. The company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.04). DoubleDown Interactive had a net margin of 33.28% and a return on equity of 15.07%. The firm had revenue of $82.98 million during the quarter, compared to analysts' expectations of $83.49 million. During the same quarter in the prior year, the company earned $0.54 EPS.

Hedge Funds Weigh In On DoubleDown Interactive

An institutional investor recently raised its position in DoubleDown Interactive stock. Renaissance Technologies LLC raised its holdings in DoubleDown Interactive Co., Ltd. (NASDAQ:DDI - Free Report) by 81.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,500 shares of the company's stock after purchasing an additional 18,200 shares during the period. Renaissance Technologies LLC owned 0.08% of DoubleDown Interactive worth $529,000 at the end of the most recent reporting period.

DoubleDown Interactive Company Profile

DoubleDown Interactive Co, Ltd. engages in the development and publishing of casual games and mobile applications in South Korea. It publishes digital gaming content on mobile and web platforms. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and cash me out games, as well as sells in-game virtual chips.