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

• Datadog Inc reported quarterly adjusted earnings of 81 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 55 cents. The mean expectation of forty two analysts for the quarter was for earnings of 65 cents per share. Wall Street expected results to range from 60 cents to 88 cents per share.

• Revenue rose 35.2% to $1.20 billion from a year ago; analysts expected $1.15 billion.

• Datadog Inc's reported EPS for the quarter was 32 cents​.

• The company reported quarterly net income of $118.32 million.

• Datadog Inc shares had fallen by 19.5% this quarter and gained 62.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 46 "strong buy" or "buy," 2 "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 $300.00, about 26.5% above its last closing price of $220.52

This summary was machine generated from LSEG data November 4 at 02:32 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)