Direct Digital Holdings Inc reports results for the quarter ended December 31 - Earnings Summary

• Direct Digital Holdings Inc DRCT.OQ reported a quarterly adjusted loss of 41 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of two analysts for the quarter was for a loss of 40 cents per share. Wall Street expected results to range from -44 cents to -36 cents per share.

• Revenue fell 77.9% to $9.08 million from a year ago; analysts expected $13.82 million.

• Direct Digital Holdings Inc's reported EPS for the quarter was a loss of 54 cents​.

• The company reported a quarterly loss of $2.18 million.

• Direct Digital Holdings Inc shares had fallen by 51.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 40% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the advertising & marketing peer group is "hold."

• Wall Street's median 12-month price target for Direct Digital Holdings Inc is $8.00

This summary was machine generated from LSEG data March 27 at 09:01 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)