DoubleDown Interactive (DDI) Set to Announce Quarterly Earnings on Monday

DoubleDown Interactive (NASDAQ:DDI) is scheduled to be announcing its earnings results after the market closes on Monday, August 12th. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

DoubleDown Interactive (NASDAQ:DDI) last posted its earnings results on Wednesday, May 8th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.11. The company had revenue of $88.14 million during the quarter, compared to the consensus estimate of $82.20 million. DoubleDown Interactive had a net margin of 33.51% and a return on equity of 15.00%. On average, analysts expect DoubleDown Interactive to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

DoubleDown Interactive Price Performance

Shares of NASDAQ DDI opened at $12.00 on Friday. The firm’s 50 day simple moving average is $12.25 and its 200-day simple moving average is $11.68. DoubleDown Interactive has a 12 month low of $6.95 and a 12 month high of $15.96. The stock has a market capitalization of $594.64 million, a price-to-earnings ratio of 5.58 and a beta of 0.80.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DDI shares. B. Riley assumed coverage on shares of DoubleDown Interactive in a report on Thursday, June 6th. They issued a “buy” rating and a $24.00 price target for the company. Macquarie began coverage on DoubleDown Interactive in a research note on Monday, May 20th. They issued an “outperform” rating on the stock. Finally, Wedbush increased their price objective on DoubleDown Interactive from $13.50 to $14.75 and gave the company an “outperform” rating in a research note on Thursday, May 9th.

About DoubleDown Interactive

DoubleDown Interactive Co, Ltd. engages in the development and publishing of casual games and mobile applications in South Korea. It publishes digital gaming content on mobile and web platforms. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and cash me out games, as well as sells in-game virtual chips.