DTST Earnings Prediction
The chart below shows how DTST performed 10 days before and after its earnings report, based on data from the past quarters. Typically, DTST sees a +10.59% change in stock price 10 days leading up to the earnings, and a +2.00% change 10 days following the report. On the earnings day itself, the stock moves by -10.01%. This data can give you a slight idea of what to expect for the next quarter's release.
DTST Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
5.81M
-2.97%
18.29%
Gross Margin
43.24%
11.07%
-11.83%
Operating Margin
-0.44%
-283.33%
-94.44%
Net Margin
2.13%
-19.01%
-142.43%
EPS
0.02
0.00%
-150.00%
No Data Available
DTST Earnings Analysis
Data Storage Corporation Common Stock Corporation (DTST.O) Earnings Conference Call
Positive
Third Quarter Revenue: We generated $5.8 million in revenue for the third quarter.
Gross Profit Margin Increase: We achieved a gross profit margin of 43.2% in the third quarter of 2024, up from 38.9% in the same period last year.
Revenue Increase Overview: We generated $19 million in revenue for the nine months ended September 30, 2024, an increase of approximately $184,000 or 1%.
Adjusted EBITDA Increase: We achieved adjusted EBITDA of $515,000, compared to adjusted EBITDA of $486,000 for the same period last year.
Cash and Marketable Securities: We ended the period with cash and marketable securities of approximately $11.9 million at September 30, 2024, compared to $12.75 million at December 31, 2023.
Negative
Revenue Decline Analysis: Total revenue for the three months ended September 30, 2024 was $5.8 million, a decrease of approximately $178,000 or 3% compared to $6 million for the three months ended September 30, 2023.
Revenue Decline Factors: The decrease is primarily attributed to lower one-time equipment and software sales during the current period and a decrease in managed services partially offset by increases in all other revenue sources.
Cost of Sales Decrease: Cost of sales for the three months ended September 30, 2024 was $3.3 million, a decrease of approximately $359,000 or 10%, compared to $3.7 million for the three months ended September 30, 2023.
SG&A Expense Increase: Selling, general and administrative expenses for the three months ended September 30, 2024 were $2.5 million, an increase of approximately $221,000 or 10%, as compared to $2.3 million for the three months ended September 30, 2023.
Net Income Comparison: Net income attributable to common shareholders for the three months ended September 30, 2024 was $122,000, compared to net income of $179,000 for the three months ended September 30, 2023.
DTST FAQs
How does DTST typically perform around its earnings report dates?
Is Data Storage Corporation (DTST) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
DTST Earning Call Sentiment
Data Storage Corporation (DTST) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
DTST.O
3.93%Positive
The earnings call presents mixed signals: while the company is focusing on recurring revenue and has a strong financial position with no debt, there are concerns about revenue decline and increased expenses. The Q&A highlighted uncertainties about service renewals and churn, affecting future revenue predictability. Despite a positive outlook on cloud subscriptions, the lack of clear guidance on churn impacts tempers enthusiasm. The market's reaction is likely to be neutral due to these balanced positive and negative factors.
