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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.
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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
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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.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.