What is Wedbush’s Estimate for DDI FY2024 Earnings?

DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) – Equities research analysts at Wedbush issued their FY2024 earnings estimates for shares of DoubleDown Interactive in a report released on Tuesday, November 12th. Wedbush analyst M. Pachter forecasts that the company will post earnings of $2.38 per share for the year. Wedbush has a “Outperform” rating and a $21.00 price objective on the stock. The consensus estimate for DoubleDown Interactive’s current full-year earnings is $2.38 per share. Wedbush also issued estimates for DoubleDown Interactive’s Q4 2024 earnings at $0.59 EPS, Q1 2025 earnings at $0.57 EPS, Q2 2025 earnings at $0.57 EPS, Q3 2025 earnings at $0.56 EPS, Q4 2025 earnings at $0.61 EPS, FY2025 earnings at $2.31 EPS, Q1 2026 earnings at $0.58 EPS, Q2 2026 earnings at $0.58 EPS, Q3 2026 earnings at $0.58 EPS and FY2026 earnings at $2.35 EPS.

Several other research firms have also issued reports on DDI. Northland Securities increased their price target on shares of DoubleDown Interactive from $18.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday. B. Riley increased their price target on shares of DoubleDown Interactive from $24.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, August 13th.

DoubleDown Interactive Stock Performance

Shares of NASDAQ:DDI opened at $15.52 on Thursday. The company’s 50 day moving average price is $14.54 and its two-hundred day moving average price is $13.14. DoubleDown Interactive has a 12-month low of $7.16 and a 12-month high of $18.21. The firm has a market cap of $769.06 million, a PE ratio of 6.75 and a beta of 0.88. The company has a quick ratio of 18.68, a current ratio of 21.25 and a debt-to-equity ratio of 0.05.

DoubleDown Interactive (NASDAQ:DDI) last issued its earnings results on Monday, November 11th. The company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.04). The firm had revenue of $82.98 million during the quarter, compared to the consensus estimate of $83.49 million. DoubleDown Interactive had a net margin of 33.28% and a return on equity of 14.78%. During the same period in the previous year, the company posted $0.54 earnings per share.

Institutional Investors Weigh In On DoubleDown Interactive

A hedge fund recently raised its stake in DoubleDown Interactive stock. Renaissance Technologies LLC lifted its holdings in shares of DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) by 81.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,500 shares of the company’s stock after acquiring an additional 18,200 shares during the period. Renaissance Technologies LLC owned approximately 0.08% of DoubleDown Interactive worth $529,000 at the end of the most recent reporting period.

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.