Datadog (DDOG) to Report Q1 Earnings: What’s in the Cards?

From Nasdaq: 2024-05-03 09:05:00

Datadog (DDOG) is set to release first-quarter 2024 results on May 7. Revenue is expected to be between $587 million and $591 million, with earnings of 33-35 cents per share. Datadog’s earnings have consistently beaten estimates in the past four quarters.

Factors contributing to Datadog’s performance include increased adoption of its cloud-based platform, investments in sales and marketing, and customer base growth. The company introduced new capabilities in its products to boost clientele. Datadog’s dollar-based retention rate remains strong, with customers adopting more products.

Datadog has an Earnings ESP of 0.00% and a Zacks Rank #4, indicating a potential earnings miss. Consider investing in NVIDIA (NVDA) with an Earnings ESP of +2.50% and Arista Networks (ANET) with an Earnings ESP of +2.49%.

In the past three presidential election years, Bitcoin has outperformed other asset classes with significant returns. Zacks predicts another surge in Bitcoin’s value. Download a free special report for more information.

For more insights on earnings announcements and stock analysis, visit Zacks Investment Research for the latest recommendations and reports on companies like NVIDIA Corporation, Arista Networks, Datadog Inc., and Docebo Inc.

Stay informed with upcoming earnings announcements by checking the Zacks Earnings Calendar for updates.



Read more at Nasdaq: Datadog (DDOG) to Report Q1 Earnings: What’s in the Cards?