Digital media measurement and analytics provider DoubleVerify (NYSE:DV) will be reporting earnings tomorrow after market close. Here's what investors should know.
Last quarter DoubleVerify reported revenues of $112.3 million, up 35.1% year on year, beating analyst revenue expectations by 2.73%. It was a decent quarter for the company, with exceptional revenue growth.
Is DoubleVerify buy or sell heading into the earnings? Read our full analysis here, it's free.
This quarter analysts are expecting DoubleVerify's revenue to grow 26% year on year to $133.0 million, slowing down from the 34.2% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.17 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 4.37%.
Looking at DoubleVerify's peers in the advertising software segment, some of them have already reported Q4 earnings results, giving us a hint what we can expect. Zeta delivered top-line growth of 29.9% year on year, beating analyst estimates by 9.06% and LiveRamp reported revenues up 12.8% year on year, exceeding estimates by 0.55%. Zeta traded flat on the results, LiveRamp was up 4.99%. Read our full analysis of Zeta's results here and LiveRamp's results here.
Investors in the software segment have had steady hands going into the earnings, with the stocks up on average 1.05% over the last month. DoubleVerify is down 1.82% during the same time, and is heading into the earnings with analyst price target of $31.5, compared to share price of $26.46.
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The author has no position in any of the stocks mentioned.