Earnings Outlook For Digital Ally

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Digital Ally DGLY is set to give its latest quarterly earnings report on Tuesday, 2023-05-16. Here's what investors need to know before the announcement.

Analysts estimate that Digital Ally will report an earnings per share (EPS) of $-2.42.

Digital Ally bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

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).

Historical Earnings Performance

Last quarter the company missed EPS by $2.30, which was followed by a 5.29% drop in the share price the next day.

Here's a look at Digital Ally's past performance and the resulting price change:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022 Q4 2021
EPS Estimate -2.4 -2.4 -2.4 -1.4
EPS Actual -4.7 -0.8 -0.4 -2.6 0.4
Price Change % -5.29% 4.69% -10.51% -0.99% 0.88%

Stock Performance

Shares of Digital Ally were trading at $3.22 as of May 12. Over the last 52-week period, shares are down 84.06%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for Digital Ally visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Posted In: EarningsBZI-EP
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