GoDaddy (NYSE:GDDY – Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect GoDaddy to post earnings of $0.97 per share for the quarter. GoDaddy has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
GoDaddy (NYSE:GDDY – Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.05. GoDaddy had a net margin of 32.74% and a negative return on equity of 89.25%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. On average, analysts expect GoDaddy to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
GoDaddy Trading Up 0.3 %
GDDY opened at $123.79 on Thursday. The firm has a market capitalization of $17.64 billion, a price-to-earnings ratio of 12.92 and a beta of 1.12. The company’s 50 day simple moving average is $118.20 and its two-hundred day simple moving average is $104.29. GoDaddy has a 1-year low of $67.43 and a 1-year high of $127.15. The company has a debt-to-equity ratio of 61.07, a current ratio of 0.47 and a quick ratio of 0.47.
Insider Buying and Selling
Wall Street Analysts Forecast Growth
Several research firms have recently commented on GDDY. Piper Sandler lifted their price target on GoDaddy from $130.00 to $145.00 and gave the stock an “overweight” rating in a report on Thursday, March 7th. StockNews.com upgraded shares of GoDaddy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 14th. Raymond James began coverage on shares of GoDaddy in a report on Wednesday, March 27th. They issued a “strong-buy” rating and a $150.00 price objective for the company. Benchmark restated a “buy” rating and issued a $150.00 price target on shares of GoDaddy in a research note on Thursday, March 7th. Finally, Evercore ISI downgraded GoDaddy from an “outperform” rating to an “in-line” rating and increased their price objective for the company from $100.00 to $110.00 in a report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.18.
Check Out Our Latest Research Report on GoDaddy
GoDaddy Company Profile
GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.
Featured Articles
- Five stocks we like better than GoDaddy
- How to Buy Cheap Stocks Step by Step
- High-Yield Texas Instruments Could Hit New Highs Soon
- The 3 Best Retail Stocks to Shop for in August
- Pagaya Technologies: An AI Fintech That Insiders Are Buying
- Are Penny Stocks a Good Fit for Your Portfolio?
- Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost
Receive News & Ratings for GoDaddy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GoDaddy and related companies with MarketBeat.com's FREE daily email newsletter.