Datadog Inc reports results for the quarter ended June 30 - Earnings Summary

• Datadog Inc DDOG.OQ reported quarterly adjusted earnings of 46 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 43 cents. The mean expectation of thirty eight analysts for the quarter was for earnings of 42 cents per share. Wall Street expected results to range from 39 cents to 57 cents per share.

• Revenue rose 28.1% to $826.76 million from a year ago; analysts expected $791.09 million.

• Datadog Inc's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $2.65 million.

• Datadog Inc shares had risen by 2.0% this quarter and lost 4.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged 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 "buy" and the breakdown of recommendations is 36 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Datadog Inc is $150.00, about 8.7% above its last closing price of $136.96

This summary was machine generated from LSEG data August 7 at 04:54 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)