SEOUL, South Korea, Oct. 10, 2024 (GLOBE NEWSWIRE) -- DoubleDown Interactive Co., Ltd. (NASDAQ: DDI) ("DoubleDown" or the "Company"), a leading developer and publisher of digital games on mobile and web-based platforms, announced today that it will release its 2024 third quarter financial results after the market closes on Monday, November 11, 2024, and host a conference call and simultaneous webcast at 5:00 p.m. ET (2:00 p.m. PT) that day. Both the call and webcast are open to the general public. On the ca ...

Shares of DoubleDown Interactive Co Ltd (DDI, Financial) fell 4.84% in mid-day trading on Oct 2. The stock reached an intraday low of $14.81, before recovering slightly to $14.94, down from its previous close of $15.70. This places DDI 10.81% below its 52-week high of $16.75 and 114.96% above its 52-week low of $6.95. Trading volume was 14,755 shares, 36.4% of the average daily volume of 40,484. Wall Street Analysts Forecast Based on the one-year price targets offered by 4 analysts, the average target price ...

DoubleDown Interactive Co., Ltd. Sponsored ADR (DDI) shares rallied 11.9% in the last trading session to close at $16.50. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.3% gain over the past four weeks. The addition of new meta features to its flagship app, including DoubleDown Casino, appears to be driving positive investor sentiment. This company is expected to post quarterly earnings of $0.55 per share ...

SEATTLE, Sept. 30, 2024 (GLOBE NEWSWIRE) -- DoubleDown Interactive (NASDAQ: DDI) ("DoubleDown" or the "Company"), a leading developer and publisher of digital games on mobile and webbased platforms, announced today a planned donation of $10,000 to the American Cancer Society (ACS) in honor of Breast Cancer Awareness Month. DoubleDown Casino, which is played daily by millions of fans worldwide on both desktop and mobile devices, will invite players to engage with and show support for the charitable donation ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock ali ...

Group 1: Stock Performance and Price Targets - Shares of DoubleDown Interactive Co., Ltd. (DDI) have increased by 26.6% over the past four weeks, closing at $14.56, with a mean price target of $20.08 indicating a potential upside of 37.9% [1] - The mean estimate includes three short-term price targets with a standard deviation of $5.20, where the lowest estimate is $16.25 (11.6% increase) and the highest is $26 (78.6% increase) [2] - A tight clustering of price targets, indicated by a low standard deviation, suggests a high degree of agreement among analysts regarding the stock's price movement [7] Group 2: Earnings Estimates and Analyst Consensus - There is increasing optimism among analysts about DDI's earnings prospects, as evidenced by strong agreement in revising EPS estimates higher, which correlates with potential stock price increases [9] - Over the last 30 days, the Zacks Consensus Estimate for the current year has risen by 13.7%, with three estimates moving higher and no negative revisions [10] - DDI holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates, indicating strong potential for near-term upside [11]

Economic Overview - Recent positive economic data has alleviated recession fears, with consumer sentiment rebounding sharply in August, rising to 67.8 from 66.4 in July, surpassing the consensus estimate of 66.9 [1][3]. - Inflation expectations remain stable, with a one-year outlook at 2.9% and a five-year outlook at 3% for the fifth consecutive month [2]. Consumer Discretionary Stocks - Five consumer discretionary stocks are highlighted for their strong potential in 2024: Bright Horizons Family Solutions Inc. (BFAM), DoubleDown Interactive Co., Ltd. (DDI), Royal Caribbean Cruises Ltd. (RCL), Interface, Inc. (TILE), and Cinemark Holdings, Inc. (CNK) [2]. - These stocks have seen positive earnings estimate revisions in the last 60 days, with each carrying a Zacks Rank of 1 (Strong Buy) or 2 (Buy) [6]. Company-Specific Insights - **Bright Horizons Family Solutions Inc. (BFAM)**: Expected earnings growth rate for the current year is 18.7%, with a Zacks Consensus Estimate improvement of 7% over the past 60 days [8]. - **DoubleDown Interactive Co., Ltd. (DDI)**: Expected earnings growth rate for the current year is 15.8%, with a Zacks Consensus Estimate improvement of 13.5% over the past 60 days [10]. - **Royal Caribbean Cruises Ltd. (RCL)**: Expected earnings growth rate for the current year is 69.9%, with a Zacks Consensus Estimate improvement of 3.7% over the past 60 days [12]. - **Interface, Inc. (TILE)**: Expected earnings growth rate for the current year is 28%, with a Zacks Consensus Estimate improvement of 8.5% over the past 60 days [14]. - **Cinemark Holdings, Inc. (CNK)**: Expected earnings growth rate for the current year is 0.8%, with a Zacks Consensus Estimate improvement of 22.7% over the past 60 days [16].

DoubleDown Interactive Co., Ltd. Sponsored ADR (DDI) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trend ...

Shares of DoubleDown Interactive Co., Ltd. Sponsored ADR (DDI) have gained 1.8% over the past four weeks to close the last trading session at $12.16, but there could still be a solid upside left in the stock if shortterm price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $19.31 indicates a potential upside of 58.8%. The average comprises four short-term price targets ranging from a low of $16.25 to a high of $26, with a standard deviation of $4.52. Whi ...