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Countdown to GoDaddy (GDDY) Q2 Earnings: A Look at Estimates Beyond Revenue and EPS
GoDaddyGoDaddy(US:GDDY) ZACKSยท2024-07-30 14:21

Core Insights - GoDaddy (GDDY) is expected to report quarterly earnings of $1.07 per share, reflecting a year-over-year increase of 69.8% [1] - Revenue is anticipated to reach $1.11 billion, which is a 6.3% increase from the same quarter last year [1] - The consensus EPS estimate has been revised down by 0.3% in the past 30 days, indicating a reassessment by analysts [1] Revenue Estimates - Analysts estimate 'Revenue- Applications & Commerce' to be $398.37 million, representing a 13.3% increase from the previous year [2] - The 'Revenue- Core platform' is projected to reach $714.83 million, showing a 2.7% increase year-over-year [2] - Total bookings are expected to be $1.22 billion, up from $1.14 billion in the same quarter last year [2] Customer and EBITDA Projections - The estimated 'Total customers at period end' is projected to be 21.08 million, compared to 20.99 million a year ago [3] - 'Segment EBITDA- Core Platform' is expected to reach $205.12 million, up from $191 million in the same quarter last year [3] - 'Segment EBITDA- Applications & Commerce' is projected at $168.33 million, compared to $142.70 million in the same quarter last year [3] Stock Performance - Over the past month, GoDaddy shares have increased by 1.7%, while the Zacks S&P 500 composite has seen a change of +0.1% [3] - GoDaddy holds a Zacks Rank 3 (Hold), suggesting its performance will likely align with the overall market in the near term [3]