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DigitalOcean (DOCN) Earnings Date, Estimates & Call Transcripts

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$35.68 -2.08 (-5.51%)
(As of 03:22 PM ET)

DigitalOcean Latest Earnings Summary

Actual EPS
(Nov. 4)
$0.52 Beat By $0.12
Consensus EPS
(Nov. 4)
$0.40

DigitalOcean issued Q3 2024 earnings on November 4, 2024, reporting an EPS of $0.52, which beat analysts' consensus estimates of $0.40 by $0.12. Quarterly revenue rose 12.1% year-over-year to $198.50 million, above analyst estimates of $196.64 million. With a trailing EPS of $0.85 and a P/E Ratio of 41.98, DigitalOcean's earnings are expected to decrease -11.88% next year, from $1.01 to $0.89 per share.

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DOCN Earnings Estimates and Actuals by Quarter

The chart below shows up to four years of a company's earnings history. The dark blue line represents the company's actual earnings per share. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter.

DOCN Estimated and Actual Revenue by Quarter

The chart below shows up to four years of a company's revenue history. The dark blue line represents the company's actual revenue. The light blue line represents the company's estimated revenue based on the consensus of Wall Street analysts for each quarter.

DigitalOcean Analyst EPS Estimates

QuarterNumber of EstimatesLow EstimateHigh EstimateAverage EstimateCompany Guidance
Q1 20243$0.01$0.16$0.080.370 - 0.390
Q2 20242$0.10$0.16$0.130.380 - 0.400
Q3 20242$0.04$0.18$0.110.390 - 0.410
Q4 20242$0.05$0.21$0.130.270 - 0.320
FY 20249$0.20$0.71 $0.45

DigitalOcean Earnings History by Quarter

DateQuarterConsensus EstimateReported EPSBeat/MissGAAP EPSRevenue EstimateActual RevenueDetails
11/4/2024Q3 2024$0.40$0.52+$0.12$0.33$196.64M$198.50M
8/8/2024Q2 2024$0.39$0.48+$0.09$0.38$188.63M$192.00M
5/10/2024Q1 2024$0.18$0.24+$0.06$0.33$182.70M$184.73M
2/21/2024Q4 2023$0.08$0.31+$0.23$0.45$178.26M$180.87M
11/2/2023Q3 2023$0.05$0.17+$0.12$0.14$173.57M$177.06M
8/11/2023Q2 2023$0.11$0.11-$0.21$169.75M$169.81M
5/9/2023Q1 2023$0.29$0.28 -$0.01$0.37$164.13M$165.13M
2/16/2023Q4 2022$0.19$0.28+$0.09$0.10$161.10M$163.00M

DigitalOcean Earnings - Frequently Asked Questions

DigitalOcean (NYSE:DOCN) last announced its quarterly earning data on Monday, November 4, 2024. Learn more on DOCN's earnings history.

DigitalOcean updated its FY24 earnings guidance on Monday, November, 4th. The company provided earnings per share guidance of $1.70-1.75 for the period, compared to the consensus estimate of $1.67. The company issued revenue guidance of $775-777 million, compared to the consensus revenue estimate of $773.92 million.

In the previous quarter, DigitalOcean (NYSE:DOCN) reported $0.52 earnings per share (EPS) to beat the analysts' consensus estimate of $0.40 by $0.12. Learn more on analysts' earnings estimate vs. DOCN's actual earnings.

The conference call for DigitalOcean's latest earnings report can be listened to online.
Listen to Conference Call

The conference call transcript for DigitalOcean's latest earnings report can be read online.
Read Transcript

DigitalOcean's earnings report can be found in their filing with the SEC.
View SEC filing

DigitalOcean (NYSE:DOCN) has a recorded annual revenue of $756.56 million.

DigitalOcean (NYSE:DOCN) has a recorded net income of $19.41 million. DOCN has generated $0.85 earnings per share over the last four quarters.

DigitalOcean (NYSE:DOCN) has a trailing price-to-earnings ratio of 43.67 and a forward price-to-earnings ratio of 36.75. The price/earnings-to-growth ratio is 2.47.

DigitalOcean's earnings are expected to decrease from $1.01 per share to $0.89 per share in the next year, which is a -11.88% change.

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This page (NYSE:DOCN) was last updated on 12/18/2024 by MarketBeat.com Staff
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