On August 7, 2023, Viant Technology (NASDAQ:DSP) unveiled its impressive quarterly earnings, reporting a remarkable $0.06 per share. This exceeded the analyst consensus estimate of $0.01 by a staggering 500 percent. A stark contrast to the previous year’s losses of $(0.08) per share during the same period.
In addition to the outstanding earnings, Viant Technology also announced quarterly sales of $57.22 million. This surpassed the analyst consensus estimate of $33.10 million by an impressive 72.88 percent. Furthermore, this represents an 11.76 percent growth compared to the $51.20 million in sales achieved during the same period last year.
Viant Technology’s exceptional performance in both earnings and sales signifies their continued success and solidifies their position as a leading player in the market.
Viant Technology Inc.
DSP
Buy
Updated on: 24/09/2023
Financial Health
Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Buy
DCF: Strong Buy
ROE: Neutral
DSP Stock: Mixed Performance on August 7, 2023, but Positive Earnings Growth Projections and Potential for Revenue Improvement
DSP stock, belonging to the Technology Services sector and the Packaged Software industry, experienced mixed performance on August 7, 2023. The stock opened at $4.61, slightly lower than the previous close of $4.65. Throughout the day, it traded within a range of $4.51 to $4.65. The stock had a volume of 3,674, significantly lower than the average volume of 89,204 over the past three months.
DSP’s market capitalization stood at $289.0 million. The company had a challenging year in terms of earnings growth, with a decline of 48.66% in the previous year. However, it showed promising signs for the current year, with earnings growth of 42.39%. Furthermore, the company is projected to experience significant growth over the next five years, with an estimated earnings growth of 156.72%.
On the revenue front, DSP faced a decline of 12.03% in the previous year. However, the company’s financials indicate potential for improvement in the future. The stock’s price-to-sales ratio is 0.29, suggesting that investors are paying $0.29 for every dollar of sales generated by the company. The price-to-book ratio stands at 1.15, indicating that the stock is trading slightly above its book value.
Unfortunately, no competitor data is available to compare DSP’s performance within the industry. This lack of data makes it difficult to assess the company’s position relative to its peers.
DSP is scheduled to release its next earnings report on August 8, 2023. Analysts are forecasting an earnings per share (EPS) of -$0.12 for this quarter. In the previous fiscal year, the company reported an annual revenue of $197.2 million and a net loss of -$11.9 million, resulting in a net profit margin of -6.04%.
Although DSP’s stock performance on August 7, 2023, was mixed, the company’s positive earnings growth projections and potential for future revenue improvement indicate a promising outlook. Investors and analysts will closely monitor the upcoming earnings report to gain further insights into DSP’s financial performance and its ability to meet market expectations.
Positive Price Forecasts and Buy Rating: Analyzing DSP Stock Performances on August 7, 2023 for Viant Technology Inc.
DSP stock performances on August 7, 2023 were positive, with analysts offering optimistic price forecasts for Viant Technology Inc. According to data from CNN Money, the 5 analysts offering 12-month price forecasts for Viant Technology Inc had a median target of $6.00, with a high estimate of $7.50 and a low estimate of $5.00. This median estimate represents a +31.87% increase from the last price of $4.55.
The current consensus among 6 polled investment analysts is to buy stock in Viant Technology Inc. This rating has held steady since June, indicating a consistent positive sentiment towards the company’s stock.
In terms of the company’s financial performance, the current quarter earnings per share stood at -$0.12, indicating a loss. However, the sales for the quarter were $33.0 million, suggesting a healthy revenue stream.
Investors and analysts will be eagerly awaiting the reporting date of August 8 to gain further insights into the company’s financial performance and prospects.
Overall, the positive price forecasts and buy rating from investment analysts suggest that there is optimism surrounding Viant Technology Inc. Despite the loss in earnings per share for the current quarter, the strong sales figures indicate potential growth opportunities for the company. Investors should keep a close eye on the reporting date to assess the company’s financial health and make informed investment decisions.
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