Doximity Shares Rise 2.3% Ahead of Earnings Report
The stock outpaced major indexes as analysts expect lower quarterly earnings per share and slightly higher revenue.
Key takeaways
- Doximity closed at $28.58, up 2.33%, while the S&P 500 gained 0.66%.
- Consensus estimates call for quarterly EPS of $0.34 and revenue of $170.66 million.
Doximity shares closed at $28.58, up 2.33% from the prior session. The stock outpaced the S&P 500, which rose 0.66%, and the Nasdaq, which gained 1.05%.
Ahead of the company’s forthcoming earnings report, Zacks consensus estimates call for earnings of $0.34 per share, down 24.44% from the same quarter a year earlier. Revenue is expected to reach $170.66 million, up 1.27% year over year.
For the full fiscal year, Zacks estimates earnings of $1.33 per share and revenue of $675.74 million. Those figures represent expected changes of minus 12.5% and plus 4.79%, respectively, from the prior year.
This article was produced with the help of AI technology. Source: Yahoo Finance
