DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) Expected to Announce Quarterly Sales of $86.10 Million

Wall Street brokerages forecast that DoubleDown Interactive Co., Ltd. (NASDAQ:DDIGet Rating) will post $86.10 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for DoubleDown Interactive’s earnings. The lowest sales estimate is $85.80 million and the highest is $86.40 million. DoubleDown Interactive posted sales of $93.23 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 7.6%. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that DoubleDown Interactive will report full-year sales of $351.74 million for the current year, with estimates ranging from $349.60 million to $353.88 million. For the next financial year, analysts forecast that the firm will post sales of $381.40 million, with estimates ranging from $375.00 million to $387.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover DoubleDown Interactive.

Separately, Zacks Investment Research cut shares of DoubleDown Interactive from a “hold” rating to a “sell” rating in a report on Thursday, May 19th.

Shares of DDI stock traded up $0.59 on Friday, reaching $11.49. The company had a trading volume of 10,380 shares, compared to its average volume of 12,162. The stock has a market capitalization of $569.36 million and a PE ratio of 7.01. The company has a quick ratio of 14.15, a current ratio of 14.15 and a debt-to-equity ratio of 0.05. DoubleDown Interactive has a one year low of $8.75 and a one year high of $18.50. The business’s 50-day moving average is $11.18 and its 200 day moving average is $13.21.

Several institutional investors have recently added to or reduced their stakes in DDI. B. Riley Financial Inc. increased its position in DoubleDown Interactive by 98.9% during the 4th quarter. B. Riley Financial Inc. now owns 3,784,036 shares of the company’s stock valued at $58,652,000 after purchasing an additional 1,881,712 shares during the period. B. Riley Asset Management LLC acquired a new stake in DoubleDown Interactive during the 4th quarter valued at approximately $3,642,000. Tudor Investment Corp Et Al acquired a new stake in DoubleDown Interactive during the 3rd quarter valued at approximately $3,953,000. Verition Fund Management LLC acquired a new stake in DoubleDown Interactive during the 3rd quarter valued at approximately $3,533,000. Finally, Altium Capital Management LP acquired a new stake in DoubleDown Interactive during the 3rd quarter valued at approximately $2,818,000. 10.18% of the stock is owned by institutional investors.

DoubleDown Interactive Company Profile (Get Rating)

DoubleDown Interactive Co, Ltd. engages in the development and publishing of digital games on mobile and web-based platforms for casual players in South Korea. The company offers DoubleDown Casino, DoubleDown Classic, DoubleDown Fort Knox, and Undead World: Hero Survival games. Its games are primarily distributed, marketed, and promoted through third party platform providers.

Recommended Stories

Get a free copy of the Zacks research report on DoubleDown Interactive (DDI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for DoubleDown Interactive (NASDAQ:DDI)

Receive News & Ratings for DoubleDown Interactive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DoubleDown Interactive and related companies with MarketBeat.com's FREE daily email newsletter.