Advertisement
Canada markets closed

  • S&P/TSX

    22,465.37
    +165.54 (+0.74%)
     

  • S&P 500

    5,303.27
    +6.17 (+0.12%)
     

  • DOW

    40,003.59
    +134.21 (+0.34%)
     

  • CAD/USD

    0.7348
    +0.0002 (+0.03%)
     

  • CRUDE OIL

    79.98
    +0.75 (+0.95%)
     

  • Bitcoin CAD

    90,978.45
    +2,140.07 (+2.41%)
     

  • CMC Crypto 200

    1,365.30
    -8.54 (-0.62%)
     

  • GOLD FUTURES

    2,421.50
    +36.00 (+1.51%)
     

  • RUSSELL 2000

    2,095.72
    -0.53 (-0.03%)
     

  • 10-Yr Bond

    4.4200
    +0.0430 (+0.98%)
     

  • NASDAQ

    16,685.97
    -12.35 (-0.07%)
     

  • VOLATILITY

    11.99
    -0.43 (-3.46%)
     

  • FTSE

    8,420.26
    -18.39 (-0.22%)
     

  • NIKKEI 225

    38,787.38
    -132.88 (-0.34%)
     

  • CAD/EUR

    0.6757
    +0.0001 (+0.01%)
     
MARKETS LIVE BLOG:

DOW CROSSES 40,000 MARK FOR THE FIRST TIME

All three major indices post weekly wins as meme rally fizzles out

Compared to Estimates, GoDaddy (GDDY) Q1 Earnings: A Look at Key Metrics

Zacks Equity Research
·2 min read

GoDaddy (GDDY) reported $1.11 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 7%. EPS of $1.08 for the same period compares to $0.30 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $1.1 billion, representing a surprise of +1.07%. The company delivered an EPS surprise of +8.00%, with the consensus EPS estimate being $1.00.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

Here is how GoDaddy performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Total bookings: $1.31 billion versus $1.27 billion estimated by six analysts on average.

  • Total customers at period end: 21 million versus the two-analyst average estimate of 21.11 million.

  • Average revenue per user: $206 versus the two-analyst average estimate of $128.48.

  • Revenue- Applications & commerce: $383.10 million compared to the $382.18 million average estimate based on nine analysts. The reported number represents a change of +13.3% year over year.

  • Revenue- Core platform: $725.40 million versus the nine-analyst average estimate of $714.54 million. The reported number represents a year-over-year change of +3.9%.

  • Segment EBITDA- Core Platform: $216.70 million versus the two-analyst average estimate of $203.39 million.

  • Segment EBITDA- Applications & Commerce: $161.90 million versus $157.30 million estimated by two analysts on average.

View all Key Company Metrics for GoDaddy here>>>

Shares of GoDaddy have returned -1.3% over the past month versus the Zacks S&P 500 composite's -4.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

GoDaddy Inc. (GDDY) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research