Datadog, Inc. (DDOG) announced on Thursday an upward revision to its adjusted earnings and revenue forecasts for the full fiscal year 2024, coinciding with the release of its third-quarter financial results. The company also shared its guidance for the fourth quarter.
For Q4, Datadog anticipates adjusted earnings to be between $0.42 and $0.44 per share, with projected revenues ranging from $709 million to $713 million. Market analysts, as surveyed by Thomson Reuters, expect earnings of approximately $0.39 per share, with revenues expected at $710.36 million. It's important to note that analysts generally do not include special items in their estimates.
As for the entire fiscal year 2024, Datadog now forecasts adjusted earnings ranging from $1.75 to $1.77 per share, and revenue projections of $2.656 billion to $2.660 billion. This marks an increase from the previous guidance, which projected earnings between $1.62 to $1.66 per share and revenue estimates of $2.62 billion to $2.63 billion. Analysts on the Street have been projecting earnings around $1.65 per share with revenues at $2.63 billion for the year.
