Digital media measurement and analytics provider DoubleVerify (NYSE:DV) will be reporting results tomorrow after the bell. Here's what you need to know.
Last quarter DoubleVerify reported revenues of $144 million, up 28.3% year on year, beating analyst revenue expectations by 3.6%. It was a good quarter for the company, with a decent beat of analysts' revenue estimates.
Is DoubleVerify buy or sell heading into the earnings? Find out by reading the original article on StockStory.
This quarter analysts are expecting DoubleVerify's revenue to grow 28.5% year on year to $171.7 million, in line with the 26.6% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.22 per share.
Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 3.8%.
Looking at DoubleVerify's peers in the advertising software segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. PubMatic delivered top-line growth of 13.9% year on year, beating analyst estimates by 8.2% and AppLovin (NASDAQ:APP) reported revenues up 35.7% year on year, exceeding estimates by 2.7%. PubMatic was up 25.8% on the results, and AppLovin was up 13%.
Read the full analysis of PubMatic's and AppLovin's results on StockStory.
Investors in the advertising software segment have had steady hands going into the earnings, with the stocks down on average 1.5% over the last month. DoubleVerify is up 2.8% during the same time, and is heading into the earnings with analyst price target of $42.8, compared to share price of $42.9.
