Doximity Inc reports results for the quarter ended in June - Earnings Summary

Doximity

08/08/2024 23:28

* Doximity Inc  DOCS.N  reported quarterly adjusted earnings
of 28
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of 19
cents.  The mean expectation of seventeen analysts for the
quarter was for earnings of 22 cents per share. Wall Street
expected results to range from 20 cents to 24 cents per share.
    * Revenue rose 16.8% to $126.68 million from a year ago;
analysts
expected $119.92 million. 
    * Doximity Inc's reported EPS for the quarter was 21 cents​.
    * The company reported quarterly net income of $41.38
million.
    * Doximity Inc shares had fallen by 8.8% this quarter and
lost 9.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 12
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "hold"

Wall Street's median 12-month price target for Doximity Inc is
$30.00 
This summary was machine generated from LSEG data August 8 at
10:28 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.22           0.28           Beat
 Mar. 31 2024      0.20           0.25           Beat
 Dec. 31 2023      0.23           0.29           Beat
 Sep. 30 2023      0.18           0.22           Beat