Digital media measurement and analytics provider DoubleVerify (NYSE: DV) will be reporting results tomorrow afternoon. Here’s what to expect.
DoubleVerify missed analysts’ revenue expectations by 3% last quarter, reporting revenues of $190.6 million, up 10.7% year on year. It was a softer quarter for the company, with EBITDA guidance for next quarter missing analysts’ expectations.
Is DoubleVerify a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting DoubleVerify’s revenue to grow 8.8% year on year to $153.2 million, slowing from the 14.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.15 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. DoubleVerify has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 0.5% on average.
Looking at DoubleVerify’s peers in the sales and marketing software segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Zeta delivered year-on-year revenue growth of 35.6%, beating analysts’ expectations by 4.1%, and Freshworks reported revenues up 18.9%, topping estimates by 2.1%. Zeta’s stock price was unchanged after the results, while Freshworks was up 2.9%.
Read our full analysis of Zeta’s results here and Freshworks’s results here.
There has been positive sentiment among investors in the sales and marketing software segment, with share prices up 17% on average over the last month. DoubleVerify is up 13.9% during the same time and is heading into earnings with an average analyst price target of $18.50 (compared to the current share price of $13.51).
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