Wall Street analysts expect GoDaddy (GDDY) to post quarterly earnings of $1.58 per share in its upcoming report, which indicates a year-over-year increase of 11.3%. Revenues are expected to be $1.27 billion, up 6.4% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific GoDaddy metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Revenue- Applications & commerce' stands at $499.12 million. The estimate suggests a change of +13.1% year over year.
Analysts' assessment points toward 'Revenue- Core platform' reaching $769.52 million. The estimate points to a change of +2.4% from the year-ago quarter.
Analysts expect 'Total bookings' to come in at $1.31 billion. The estimate is in contrast to the year-ago figure of $1.22 billion.
Based on the collective assessment of analysts, 'Total customers at period end' should arrive at 20.54 million. The estimate is in contrast to the year-ago figure of 20.51 million.
According to the collective judgment of analysts, 'Segment EBITDA- Applications & Commerce' should come in at $235.29 million. Compared to the present estimate, the company reported $206.20 million in the same quarter last year.
The consensus among analysts is that 'Segment EBITDA- Core Platform' will reach $262.47 million. Compared to the present estimate, the company reported $256.50 million in the same quarter last year.
View all Key Company Metrics for GoDaddy here>>>
Over the past month, GoDaddy shares have recorded returns of -13% versus the Zacks S&P 500 composite's -0.8% change. Based on its Zacks Rank #2 (Buy), GDDY will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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GoDaddy Inc. (GDDY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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