Compared to Estimates, DoubleVerify (DV) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2023, DoubleVerify Holdings (DV) reported revenue of $133.74 million, up 21.8% over the same period last year. EPS came in at $0.07, compared to $0.06 in the year-ago quarter.
The reported revenue represents a surprise of +0.36% over the Zacks Consensus Estimate of $133.26 million. With the consensus EPS estimate being $0.06, the EPS surprise was +16.67%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how DoubleVerify performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue by customer type- Measurement (f/k/a Advertiser - direct): $44.99 million compared to the $45.03 million average estimate based on five analysts.
Revenue by customer type- Supply-side customer: $10.81 million versus $11.35 million estimated by five analysts on average.
Revenue by customer type- Activation (f/k/a Advertiser - programmatic): $77.94 million versus the five-analyst average estimate of $76.94 million.
View all Key Company Metrics for DoubleVerify here>>>
Shares of DoubleVerify have returned +6.7% over the past month versus the Zacks S&P 500 composite's +4.7% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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DoubleVerify Holdings, Inc. (DV) : Free Stock Analysis Report
