On August 7, 2023, Viant Technology (NASDAQ:DSP) is scheduled to unveil its latest quarterly earnings report. Analysts are predicting that the company will announce an earnings per share (EPS) of $0.01. In the previous quarter, Viant Technology surpassed expectations by $0.16, resulting in a 6.06% surge in the share price the following day. Investors who support Viant Technology will be eagerly anticipating not only an EPS beat but also positive guidance or projected growth for the next quarter. It is worth noting that it is not always an earnings beat or miss that has the most significant impact on a stock’s price, but rather the guidance provided.
According to INDmoney, the estimated earnings per share (EPS) for Viant Technology Inc. for the current quarter is -0.19, representing a decline of -32.68% compared to last quarter’s estimates. However, Viant Technology Inc. has provided earnings guidance for the second quarter of 2023, projecting revenue between $52.0 million and $54.0 million.
As of August 3, Viant Technology’s shares were trading at $4.65. Over the past 52 weeks, the company’s shares have experienced a 19.9% decrease in value.
Viant Technology Inc.
Updated on: 04/12/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Buy
DCF: Strong Buy
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DSP Stock Performance and Financials: Mixed Performance on August 4, 2023 with Positive Earnings Growth Forecasted
DSP stock showed a mixed performance on August 4, 2023. The stock opened at $4.69, slightly higher than the previous day’s closing price of $4.64. Throughout the day, the stock’s price fluctuated within a range of $4.63 to $4.74. The trading volume for the day was relatively low, with only 326 shares being exchanged.
In terms of the company’s financials, DSP has a market capitalization of $292.1 million. The company’s earnings growth in the previous year was negative, with a decline of 48.66%. However, the earnings growth for the current year has shown a significant improvement, with a positive growth rate of 42.39%. Looking ahead, the company is expected to experience robust earnings growth in the next five years, with a forecasted growth rate of 156.72%.
On the revenue front, DSP experienced a decline of 12.03% in the previous year. Despite this decrease, the company’s future earnings growth outlook remains positive. The price-to-sales ratio is 0.29, indicating that the stock is undervalued relative to its revenue. The price-to-book ratio is 1.16, suggesting that the stock’s price is slightly higher than its book value.
DSP is scheduled to release its next financial report on August 8, 2023. Analysts are forecasting an earnings per share (EPS) of -$0.12 for the current quarter. In the previous year, the company reported annual revenue of $197.2 million and a net loss of -$11.9 million. The net profit margin for the company stands at -6.04%.
It is worth noting that no executive information is available for DSP, and the corporate headquarters are undisclosed. Despite these limitations, the provided data gives some insight into DSP’s stock performance on August 4, 2023, and the company’s financials. Investors and analysts will eagerly await the upcoming financial report to gain a more comprehensive understanding of DSP’s current position and future prospects.
Viant Technology Inc: Strong Performance and Positive Outlook for DSP Stocks on August 4, 2023
DSP stocks experienced positive performance on August 4, 2023, based on the information provided. Viant Technology Inc, a leading digital advertising technology company, saw its stock price rise significantly. According to data from CNN Money, five analysts have offered 12-month price forecasts for Viant Technology Inc. The median target price is $6.00, with a high estimate of $7.50 and a low estimate of $5.00. Furthermore, a consensus among six polled investment analysts suggests buying Viant Technology Inc stock. Viant Technology Inc has been performing well, as evidenced by its current quarter earnings report. The company reported earnings per share of -$0.12, indicating a loss. However, it is important to note that earnings per share can vary significantly from quarter to quarter in the technology industry. The company’s sales for the current quarter were $33.0 million, demonstrating a strong revenue stream. Investors and analysts will be eagerly awaiting Viant Technology Inc’s upcoming reporting date of August 8. This report will provide further insights into the company’s financial performance and may impact its stock price. Viant Technology Inc operates in the digital advertising technology sector, which has experienced significant growth in recent years. Viant Technology Inc is well-positioned to capitalize on this trend. The positive outlook for Viant Technology Inc is further supported by the consensus among investment analysts. In conclusion, DSP stocks, particularly Viant Technology Inc, performed well on August 4, 2023.