In its upcoming report, DoubleVerify Holdings (DV) is predicted by Wall Street analysts to post quarterly earnings of $0.33 per share, reflecting an increase of 153.9% compared to the same period last year. Revenues are forecasted to be $208.67 million, representing a year-over-year increase of 9.5%.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements 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.
In light of this perspective, let's dive into the average estimates of certain DoubleVerify metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus estimate for 'Revenue by customer type- Measurement' stands at $69.84 million. The estimate suggests a change of +8.5% year over year.
The combined assessment of analysts suggests that 'Revenue by customer type- Supply-side' will likely reach $19.00 million. The estimate points to a change of +13.6% from the year-ago quarter.
Analysts' assessment points toward 'Revenue by customer type- Activation' reaching $119.62 million. The estimate indicates a change of +9.2% from the prior-year quarter.
View all Key Company Metrics for DoubleVerify here>>>
Over the past month, shares of DoubleVerify have returned -16.2% versus the Zacks S&P 500 composite's -0.3% change. Currently, DV carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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DoubleVerify Holdings, Inc. (DV): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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