DoubleDown Interactive Co Ltd (DDI) Q3 2024: Everything You Need To Know Ahead Of Earnings

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Nov 08, 2024

DoubleDown Interactive Co Ltd (DDI, Financial) is set to release its Q3 2024 earnings on Nov 11, 2024. The consensus estimate for Q3 2024 revenue is $85.43 million, and the earnings are expected to come in at $0.56 per share. The full year 2024's revenue is expected to be $347.78 million and the earnings are expected to be $2.33 per share. More detailed estimate data can be found on the Forecast page.

DoubleDown Interactive Co Ltd (DDI, Financial) Estimate Trends

Over the past 90 days, revenue estimates for DoubleDown Interactive Co Ltd (DDI) for the full year 2024 have increased from $340.70 million to $347.78 million. For 2025, estimates have risen from $350.11 million to $354.67 million. Earnings estimates have also seen an upward revision; for the full year 2024, estimates have increased from $2.16 per share to $2.33 per share, and for 2025, from $2.20 per share to $2.26 per share.

DoubleDown Interactive Co Ltd (DDI, Financial) Reported History

In the previous quarter of 2024-06-30, DoubleDown Interactive Co Ltd's (DDI) actual revenue was $88.24 million, which beat analysts' revenue expectations of $83.79 million by 5.31%. DoubleDown Interactive Co Ltd's (DDI) actual earnings were $0.67 per share, which beat analysts' earnings expectations of $0.51 per share by 31.37%. After releasing the results, DoubleDown Interactive Co Ltd (DDI) was up by 0.5% in one day.

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DoubleDown Interactive Co Ltd (DDI, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 4 analysts, the average target price for DoubleDown Interactive Co Ltd (DDI) is $19.31 with a high estimate of $26 and a low estimate of $16.25. The average target implies an upside of 20.7% from the current price of $16.

Based on GuruFocus estimates, the estimated GF Value for DoubleDown Interactive Co Ltd (DDI, Financial) in one year is $10.55, suggesting a downside of -34.06% from the current price of $16.

Based on the consensus recommendation from 4 brokerage firms, DoubleDown Interactive Co Ltd's (DDI, Financial) average brokerage recommendation is currently 1.8, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.