Recap: Datadog Q1 Earnings

Datadog DDOG reported its Q1 earnings results on Thursday, May 4, 2023 at 07:00 AM.

Here's what investors need to know about the announcement.

Datadog beat estimated earnings by 16.67%, reporting an EPS of $0.28 versus an estimate of $0.24.

Revenue was up $118.68 million from the same period last year.

Last quarter the company beat on EPS by $0.07 which was followed by a 3.01% drop in the share price the next day.

Here's a look at Datadog's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.19	0.16	0.15	0.11
EPS Actual	0.26	0.23	0.24	0.24
Revenue Estimate	449.31M	412.80M	379.42M	337.77M
Revenue Actual	469.40M	436.53M	406.14M	363.03M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Datadog management provided guidance for FY 2023, expecting earnings between $1.13 and $1.2 per share.

To track all earnings releases for Datadog visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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