Workflow
Insights Into DigitalOcean (DOCN) Q3: Wall Street Projections for Key Metrics
DOCNDigitalOcean(DOCN) ZACKS·2024-10-30 14:20

Core Insights - DigitalOcean Holdings, Inc. (DOCN) is expected to report quarterly earnings of 0.40pershare,reflectingadeclineof9.10.40 per share, reflecting a decline of 9.1% year-over-year, while revenues are forecasted to be 196.59 million, indicating an 11% increase year-over-year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, suggesting analysts have collectively reevaluated their initial estimates [1][2] Financial Metrics - Analysts estimate a 'Net Dollar Retention Rate' of 97.7%, up from 96% in the previous year [4] - The projected 'Total Customers' is expected to reach 639,082, compared to 633,000 a year ago [4] - The 'Average Revenue Per Customer (ARPU)' is anticipated to be 101.08,anincreasefrom101.08, an increase from 92.06 reported in the same quarter last year [4] - 'Annual Run-Rate Revenue (ARR)' is projected to be 796.60million,upfrom796.60 million, up from 713 million in the same quarter last year [5] Market Performance - Over the past month, DigitalOcean shares have recorded a return of +6.7%, outperforming the Zacks S&P 500 composite's +1.8% change [5] - Based on its Zacks Rank 4 (Sell), DOCN is expected to underperform the overall market in the upcoming period [5]