DoubleDown Interactive (DDI) Projected to Post Earnings on Tuesday

DoubleDown Interactive (NASDAQ:DDI) is projected to post its quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect DoubleDown Interactive to post earnings of $0.58 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

DoubleDown Interactive (NASDAQ:DDI) last posted its quarterly earnings results on Monday, November 11th. The company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). DoubleDown Interactive had a net margin of 33.28% and a return on equity of 14.78%. The firm had revenue of $82.98 million for the quarter, compared to analysts’ expectations of $83.49 million. During the same quarter in the previous year, the company earned $0.54 EPS. 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 $10.20 on Tuesday. The company has a 50 day moving average of $11.31 and a 200 day moving average of $12.97. The company has a quick ratio of 21.25, a current ratio of 21.25 and a debt-to-equity ratio of 0.05. DoubleDown Interactive has a twelve month low of $8.48 and a twelve month high of $18.21. The firm has a market cap of $505.41 million, a P/E ratio of 4.43 and a beta of 0.94.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Northland Securities lifted their price objective on DoubleDown Interactive from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Wedbush boosted their price objective on shares of DoubleDown Interactive from $16.25 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th.

DoubleDown Interactive Company Profile

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.