Digital infrastructure investor DigitalBridge Group (NYSE: DBRG) will be reporting results this Thursday before market hours. Here’s what investors should know.
DigitalBridge missed analysts’ revenue expectations by 103% last quarter, reporting revenues of -$3.21 million, down 101% year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but .
Is DigitalBridge a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting DigitalBridge’s revenue to grow 33.7% year on year to $101.8 million, a reversal from the 84% decrease it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. DigitalBridge has missed Wall Street’s revenue estimates five times over the last two years.
Looking at DigitalBridge’s peers in the financial services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. PROG’s revenues decreased 1.8% year on year, beating analysts’ expectations by 1.5%, and PayPal reported revenues up 7.3%, topping estimates by 2.2%. PROG traded down 5% following the results.
Read our full analysis of PROG’s results here and PayPal’s results here.
Investors in the financial services segment have had steady hands going into earnings, with share prices flat over the last month. DigitalBridge is up 8.5% during the same time and is heading into earnings with an average analyst price target of $16.50 (compared to the current share price of $12.80).
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