DoubleDown Interactive Co Ltd (NASDAQ:DDI) is expected to report quarterly sales of $86.95 million

Stock analysts expect DoubleDown Interactive Co Ltd (NASDAQ:DDI – Get Rating) to report sales of $86.95 million for the current fiscal quarter, reports Zacks Investment Research. Two analysts provided earnings estimates for DoubleDown Interactive. The highest sales estimate is $87.40 million and the lowest is $86.50 million. The company is due to release its next quarterly results 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 post sales of $403.74 million, with estimates ranging from $401.00 to $406.48 million. Zacks Investment Research sales averages are an average average based on a survey of analysts who provide coverage for DoubleDown Interactive.

DoubleDown Interactive (NASDAQ:DDI – Get Rating) last released its results on Tuesday, February 8. The company reported earnings per share of $0.35 for the quarter, missing analyst consensus estimates of $0.38 per ($0.03). The company posted revenue of $86.30 million in the quarter, versus a consensus estimate of $87.49 million.

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Separately, Zacks Investment Research downgraded DoubleDown Interactive from a “Strong Buy” rating to a “Hold” rating in a report on Tuesday, January 11.

A number of institutional investors and hedge funds have recently shifted their DDI holdings. UBS Group AG bought a new stake in DoubleDown Interactive in the third quarter worth approximately $34,000. Marshall Wace LLP purchased a new stake in DoubleDown Interactive in the fourth quarter worth approximately $196,000. Citigroup Inc. purchased a new stake in DoubleDown Interactive stock during the fourth quarter worth approximately $251,000. CSS LLC IL purchased a new stake in DoubleDown Interactive stock during the third quarter worth approximately $268,000. Finally, Precept Management LLC purchased a new stake in DoubleDown Interactive stock during the third quarter worth approximately $652,000. Institutional investors and hedge funds hold 10.43% of the company’s shares.

DDI stock opened at $11.62 on Friday. DoubleDown Interactive has a fifty-two week minimum of $11.50 and a fifty-two week maximum of $18.50. The company has a 50-day moving average price of $13.34. The company has a debt ratio of 0.05, a quick ratio of 11.69 and a current ratio of 13.01.

DoubleDown Interactive Company Profile (Get an evaluation)

DoubleDown Interactive Co Ltd. is a developer and publisher of digital social casino games. DoubleDown Interactive Co Ltd. is based in SEATTLE.

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Earnings history and estimates for DoubleDown Interactive (NASDAQ: DDI)

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