DigitalOcean Holdings (NYSE:DOCN) reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
DigitalOcean Holdings missed estimated earnings by 41.67%, reporting an EPS of $0.07 versus an estimate of $0.12.
Revenue was up $33.67 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.01 which was followed by a 7.62% increase in the share price the next day.
Here's a look at DigitalOcean Holdings's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.09 | 0.07 | 0.05 | 0.01 |
| EPS Actual | 0.10 | 0.12 | -0.02 | 0 |
| Revenue Estimate | 119.05M | 108.51M | 98.29M | 90.28M |
| Revenue Actual | 119.66M | 111.43M | 103.81M | 93.66M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
DigitalOcean Holdings management provided guidance for FY 2022, expecting earnings between $0.7 and $0.71 per share.
To track all earnings releases for DigitalOcean Holdings visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
