Skip to main content
hello world

What To Expect From GoDaddy’s (GDDY) Q3 Earnings

StockStory - Tue Oct 29, 2:14AM CDT

GDDY Cover Image

Domain registrar and web services company GoDaddy (NYSE:GDDY) will be announcing earnings results tomorrow after the bell. Here’s what to expect.

GoDaddy met analysts’ revenue expectations last quarter, reporting revenues of $1.12 billion, up 7.3% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and a decent beat of analysts’ bookings estimates.

Is GoDaddy a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting GoDaddy’s revenue to grow 6.9% year on year to $1.14 billion, improving from the 3.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.40 per share.

GoDaddy Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. GoDaddy has missed Wall Street’s revenue estimates five times over the last two years.

Looking at GoDaddy’s peers in the sales and marketing software segment, only VeriSign has reported results so far. It met analysts’ revenue estimates, delivering year-on-year sales growth of 3.8%. The stock was down 2.1% on the results.

Read our full analysis of VeriSign’s earnings results here.

There has been positive sentiment among investors in the sales and marketing software segment, with share prices up 3.6% on average over the last month. GoDaddy is up 2% during the same time and is heading into earnings with an average analyst price target of $170.54 (compared to the current share price of $159.90).

When a company has more cash than it knows what to do with, buying back its own shares can make a lot of sense–as long as the price is right. Luckily, we’ve found one, a low-priced stock that is gushing free cash flow AND buying back shares. Click here to claim your Special Free Report on a fallen angel growth story that is already recovering from a setback.