Shares of Doximity (NYSE:DOCS) fell in after-hours trading after the company reported earnings for its fourth quarter of Fiscal Year 2023. Earnings per share came in at $0.20, which beat analysts’ consensus estimate of $0.17 per share. Sales increased by 18.5% year-over-year, with revenue hitting $110.97 million. This beat analysts’ expectations of $110.09 million.
Doximity management offered up some guidance for the next quarter and for Fiscal Year 2024 as well. For the first quarter of 2024, Doximity looks to bring in revenue between $106.5 million and $107.5 million and EBITDA between $39 million and $40 million. For the full year, meanwhile, it expects revenue to come in between $500 million and $506 million, with EBITDA in the range of $216 million to $222 million.
Overall, Wall Street has a Hold consensus rating on DOCS stock based on two Buys, one Hold, and two Sells assigned in the past three months. Indeed, its average price target of $34.40 suggests the stock is close to fair value.
