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GoDaddy (GDDY) Q1 Earnings: What To Expect

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Domain registrar and web services company GoDaddy (NYSE: GDDY) will be reporting results this Thursday afternoon. Here’s what to expect.

GoDaddy met analysts’ revenue expectations last quarter, reporting revenues of $1.27 billion, up 6.8% year on year. It was a slower quarter for the company, with revenue guidance for next quarter slightly missing analysts’ expectations and full-year revenue guidance slightly missing analysts’ expectations. It added 9,000 customers to reach a total of 20.42 million.

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

This quarter, the market is expecting GoDaddy’s revenue to grow 5.7% year on year, slowing from the 7.7% increase it recorded in the same quarter last year.

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 a history of exceeding Wall Street’s expectations.

With GoDaddy being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for sales and marketing software stocks. However, there has been positive investor sentiment in the segment, with share prices up 7% on average over the last month. GoDaddy is up 4.5% during the same time .

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