Stock analysts expect DoubleDown Interactive Co., Ltd. (NASDAQ:DDI – Get a rating) to announce sales of $86.95 million for the current quarter, according to Zacks. Two analysts have made estimates of DoubleDown Interactive’s earnings, with the lowest sales estimate being $86.50 million and the highest estimate being $87.40 million. The company is expected to announce its next quarterly earnings report after the market closes on Monday, January 1.
On average, analysts expect DoubleDown Interactive to post annual sales of $366.53 million for the current fiscal year, with estimates ranging from $363.36 million to $369.70 million. For the next fiscal year, analysts expect the company to record sales of $403.74 million, with estimates ranging from $401.00 million to $406.48 million. Zacks Investment Research’s sell calculations are an average based on a survey of sell-side research analysts who cover DoubleDown Interactive.
DoubleDown Interactive (NASDAQ: DDI – Get a rating) last reported results on Tuesday, February 8. The company reported earnings per share of $0.35 for the quarter, missing the Zacks consensus estimate of $0.38 per ($0.03). The company posted revenue of $86.30 million for the quarter, versus a consensus estimate of $87.49 million.
Separately, Zacks Investment Research downgraded shares of DoubleDown Interactive from a “strong buy” rating to a “hold” rating in a Tuesday, Jan. 11 research report.
Several institutional investors have recently changed their positions in the company. UBS Group AG bought a new position in shares of DoubleDown Interactive in the third quarter worth about $34,000. Marshall Wace LLP acquired a new position in shares of DoubleDown Interactive during Q4 for a value of approximately $196,000. Citigroup Inc. acquired a new stock position in DoubleDown Interactive during Q4 for a value of approximately $251,000. CSS LLC IL acquired a new position in shares of DoubleDown Interactive during Q3 for a value of approximately $268,000. Finally, Precept Management LLC acquired a new position in DoubleDown Interactive stock in Q3 worth approximately $652,000. Institutional investors and hedge funds hold 10.43% of the company’s shares.
Shares of DDI opened at $11.03 on Friday. The company has a 50-day moving average price of $11.96 and a 200-day moving average price of $14.07. The company has a current ratio of 13.01, a quick ratio of 13.01 and a debt ratio of 0.05. DoubleDown Interactive has a 52-week low of $10.80 and a 52-week high of $18.50.
About DoubleDown Interactive (Get a rating)
DoubleDown Interactive Co, Ltd. is dedicated to developing and publishing digital games on mobile and web platforms for casual gamers in South Korea. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox and Ellen’s Road to Riches games. Its games are primarily distributed, marketed and promoted through third-party platform providers.
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