Definitive Healthcare Corp Cl A Up 22.44% To $7.42 After Earnings Beat

Friday, November 3, 2023 - Definitive Healthcare Corp Cl A (DH) reported upside earnings and revenues today.

Definitive Healthcare Corp Cl A's earnings came in at an EPS of $0.09 per share, 50.00% higher than estimates for an EPS of $0.06 per share. The firm's earnings are up 50% since reporting $0.06 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $65.3 million. That is an increase of 13.84% in revenues from the year-ago report and is 2.53% higher than consensus estimates set at $63.7 million.

The stock is up 22.44% to $7.42 after the report.

Definitive Healthcare Corp Cl A's earnings expanded faster than revenues, signaling widening profit margins.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

Trading in the five days leading up to the report earned Definitive Healthcare Corp Cl A a Bullish Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 28. Meanwhile, the average Wall Street analyst rated the stock a Buy.

Definitive Healthcare Corp is a leading provider of healthcare commercial intelligence. The company's solutions provide accurate and comprehensive information on healthcare providers and their activities to help customers optimize everything from product development to go-to-market planning and sales and marketing execution. Geographically, it derives a majority of revenue from the United States.