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Doubleverify Holdings Inc(DV-N)
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DoubleVerify (DV) Q2 Earnings: What To Expect

StockStory - Sun Jul 30, 2023

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Digital media measurement and analytics provider DoubleVerify (NYSE:DV) will be reporting earnings tomorrow afternoon. Here's what you need to know.

Last quarter DoubleVerify reported revenues of $122.6 million, up 26.7% year on year, beating analyst revenue expectations by 3.78%. It was a good quarter for the company, with a decent beat of analysts' revenue estimates but a decline in gross margin.

Is DoubleVerify buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting DoubleVerify's revenue to grow 21.4% year on year to $133.3 million, slowing down from the 43.5% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.14 per share.

DoubleVerify Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 4.11%.

Looking at DoubleVerify's peers in the sales and marketing software segment, only VeriSign has so far reported results, delivering top-line growth of 5.71% year on year, missing analyst estimates by 0.29%. The stock was down 2.09% on the results. Read our full analysis of VeriSign's earnings results here.

There has been positive sentiment among investors in the software segment, with the stocks up on average 6.45% over the last month. DoubleVerify is up 7.15% during the same time, and is heading into the earnings with analysts' average price target of $43.20, compared to share price of $41.51.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

The author has no position in any of the stocks mentioned.

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