20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Datadog (NASDAQ:DDOG) reported its Q1 earnings results on Thursday, May 4, 2023 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Datadog beat estimated earnings by 16.67%, reporting an EPS of $0.28 versus an estimate of $0.24.
Revenue was up $118.68 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.07 which was followed by a 3.01% drop in the share price the next day.
Here's a look at Datadog's past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.19 | 0.16 | 0.15 | 0.11 |
| EPS Actual | 0.26 | 0.23 | 0.24 | 0.24 |
| Revenue Estimate | 449.31M | 412.80M | 379.42M | 337.77M |
| Revenue Actual | 469.40M | 436.53M | 406.14M | 363.03M |
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
Datadog management provided guidance for FY 2023, expecting earnings between $1.13 and $1.2 per share.
To track all earnings releases for Datadog visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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