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

• GoDaddy Inc GDDY.N reported quarterly adjusted earnings of $1.41​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $1.01. The mean expectation of fifteen analysts for the quarter was for earnings of $1.33 per share. Wall Street expected results to range from $1.21 to $1.54 per share.

• Revenue rose 8.3% to $1.22 billion from a year ago; analysts expected $1.21 billion.

• GoDaddy Inc's reported EPS for the quarter was $1.41​.

• The company reported quarterly net income of $199.9 million.

• GoDaddy Inc shares had fallen by 14.0% this quarter and lost 21.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.5% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for GoDaddy Inc is $215.50, about 30.3% above its last closing price of $150.25

This summary was machine generated from LSEG data August 8 at 03:54 a.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)