GoDaddy (GDDY) came out with quarterly earnings of $1.42 per share, missing the Zacks Consensus Estimate of $1.46 per share. This compares to earnings of $1.08 per share a year ago.
GoDaddy on Thursday recorded a massive drop in its fourth-quarter profit and forecast annual revenue in line with analysts' estimate, sending its shares down about 3% in extended trading.
GoDaddy (GDDY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Get a deeper insight into the potential performance of GoDaddy (GDDY) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
GoDaddy will announce its earnings on February 13th. Analysts expect $1.44 EPS and $1.18 billion in revenue, representing solid year-over-year and quarter-over-quarter growth. Since September, GoDaddy's stock has surged another 39%, driven by successful AI service products and speculation on future growth despite competitive pressures. GoDaddy and Wix have similar valuations and revenue trends, creating a pair-trading opportunity as Wix shows faster sales growth and potentially broader demographic appeal.
As Nvidia tries to recover from the DeepSeek threat, GoDaddy stock breaks out with a Walton Goggins Super Bowl commercial on tap. The post Nvidia Got Spanked, But This AI Big Daddy Soars 194% — And Counting appeared first on Investor's Business Daily.
GoDaddy (GDDY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
The Federal Trade Commission (FTC) said Wednesday (Jan. 15) that a proposed settlement order will require web hosting company GoDaddy to improve its information security program.
GDDY gains from AI innovation, and strong growth in Applications and Commerce but faces challenges from Core Platform's modest growth and high debt levels.
GoDaddy (GDDY) reported earnings 30 days ago. What's next for the stock?
I'm bullish on GoDaddy because of its strong free cash flow generation, projected to reach $1.6 billion in 2025, making its 18x valuation enticing. I believe GoDaddy's focus on pricing, bundling, and AI-driven innovations positions it for sustained revenue growth and profitability. I recognize that GoDaddy's $3.1 billion net debt is a risk, but its operational efficiencies and consistent cash flow mitigate my concerns.
GDDY's promising growth prospects make it a compelling investment option. However, its stretched valuation suggests waiting for a better entry point.