Dynatrace Up In Pre-market Following Q4 Earnings: Update

(Adds Outlook, share movement)

Following the release of the fourth-quarter results, shares of Dynatrace, Inc. (DT) was trading up by 7.88 percent at $50.50 per share in the pre-market trading on the New York Stock Exchange.

Looking ahead, for the first-quarter, DT expects to report adjusted income of $64 million to $66 million, on revenue of $325 million – $328 million.  Excluding items, the company projects earnings per share or EPS of $0.22, for the first-quarter. On average, 21 analysts, polled by Thomson Reuters expect the company to record EPS of $0.22, on revenue of $319.24 million, for the quarter. Analysts’ estimates typically exclude special items.  

For the fiscal 2024, the technology firm sees adjusted income of $295 million – $307 million. Adjusted EPS is expected in the range of $0.98 – $1.02, on revenues of $1.388 billion – $1.406 billion. Analysts, on average, forecast the company to record EPS of $0.99, on revenue of $1.36 billion, for the year.

Below are the fourth-quarter earnings highlights for Dynatrace, Inc. (DT):

Earnings: $80.293 million in Q4 vs. $0.929 million in the same period last year.
EPS: $0.27 in Q4 vs. $0.00 in the same period last year.
Excluding items, Dynatrace, Inc. reported adjusted earnings of $92.459 million or $0.31 per share for the period.

Analysts projected $0.22 per share

Revenue: $314.475 million in Q4 vs. $252.585 million in the same period last year.

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