Brokerages Expect DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) Will Post Quarterly Sales of $86.95 Million

Wall Street analysts expect DoubleDown Interactive Co., Ltd. (NASDAQ:DDI – Get Rating) to announce $86.95 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for DoubleDown Interactive’s earnings. The lowest sales estimate is $86.50 million and the highest is $87.40 million. The business is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that DoubleDown Interactive will report full year sales of $366.53 million for the current financial year, with estimates ranging from $363.36 million to $369.70 million. For the next year, analysts expect that the company will post sales of $403.74 million, with estimates ranging from $401.00 million to $406.48 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow DoubleDown Interactive.

DoubleDown Interactive (NASDAQ:DDI – Get Rating) last announced its quarterly earnings results on Tuesday, February 8th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.03). The company had revenue of $86.30 million for the quarter, compared to analyst estimates of $87.49 million.

Separately, Zacks Investment Research downgraded shares of DoubleDown Interactive from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 11th.

Shares of NASDAQ:DDI traded up $0.67 during mid-day trading on Friday, reaching $12.14. The stock had a trading volume of 2,119 shares, compared to its average volume of 7,163. The firm has a 50 day simple moving average of $12.41 and a two-hundred day simple moving average of $14.51. The company has a debt-to-equity ratio of 0.05, a quick ratio of 13.01 and a current ratio of 13.01. DoubleDown Interactive has a twelve month low of $11.30 and a twelve month high of $18.50.

A number of hedge funds have recently made changes to their positions in DDI. UBS Group AG bought a new position in shares of DoubleDown Interactive during the 3rd quarter worth approximately $34,000. Marshall Wace LLP bought a new position in shares of DoubleDown Interactive during the 4th quarter worth approximately $196,000. CSS LLC IL bought a new position in shares of DoubleDown Interactive during the 3rd quarter worth approximately $268,000. Citigroup Inc. bought a new position in shares of DoubleDown Interactive during the 4th quarter worth approximately $251,000. Finally, Precept Management LLC bought a new position in shares of DoubleDown Interactive during the 3rd quarter worth approximately $652,000. Hedge funds and other institutional investors own 10.43% of the company’s stock.

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 Ellen's Road to Riches games. Its games are primarily distributed, marketed, and promoted through third party platform providers.

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