DoubleVerify (DV) Reports Earnings Tomorrow: What To Expect

DoubleVerify (DV) Reports Earnings Tomorrow: What To Expect

Digital media measurement and analytics provider DoubleVerify (NYSE:DV) will be announcing earnings results tomorrow after market close. Here's what investors should know.

DoubleVerify beat analysts' revenue expectations by 1.8% last quarter, reporting revenues of $140.8 million, up 14.8% year on year. It was a weak quarter for the company, with underwhelming revenue guidance for the next quarter and a decline in its gross margin.

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 15% year on year to $153.7 million, slowing from the 21.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.16 per share.

DoubleVerify Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. DoubleVerify has a history of exceeding Wall Street's expectations, beating revenue estimates every single time over the past two years by 2.6% on average.

Looking at DoubleVerify's peers in the sales and marketing software segment, only VeriSign has reported results so far. It met analysts' revenue estimates, delivering year-on-year sales growth of 4.1%. The stock traded up 4.3% on the results.

Read our full analysis of VeriSign's earnings results here.

There has been positive sentiment among investors in the sales and marketing software segment, with share prices up 2.9% on average over the last month. DoubleVerify is up 4% during the same time and is heading into earnings with an average analyst price target of $28.5 (compared to the current share price of $20.52).

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