From Nasdaq:

Datadog, Inc. (DDOG) is expected to release its fourth-quarter 2023 results on Feb. 13. The company expects revenues between $564 million and $568 million, with non-GAAP earnings forecasted between 42-44 cents per share. Datadog’s earnings have surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with the average being 28.61%.

Factors to Consider: Datadog was expected to have a strong fourth-quarter performance driven by the increased adoption of its cloud-based monitoring and analytics platform, along with new features and expansion of strategic partnerships with major cloud service providers. It is anticipated to drive customer growth and propel its dollar-based retention rate.

What Our Model Indicates: According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1, #2, or #3 increases the chances of an earnings beat.

Stock to Consider: CrowdStrike (CRWD) is a company to watch from the cloud computing space, as it holds the right combination of elements to beat earnings in its upcoming quarterly results, scheduled for release on March 5. CrowdStrike’s earnings estimate is pegged at 82 cents per share, indicating an exponential jump from the prior-year quarter.



Read more: Datadog (DDOG) to Report Q4 Earnings: What’s in the Cards?