For the quarter ended June 2024, DigitalOcean Holdings, Inc. (DOCN Quick QuoteDOCN - Free Report) reported revenue of $192.48 million, up 13.4% over the same period last year. EPS came in at $0.48, compared to $0.44 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $188.64 million, representing a surprise of +2.04%. The company delivered an EPS surprise of +23.08%, with the consensus EPS estimate being $0.39.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how DigitalOcean performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Total Customers

  : 638,000 versus 638,530 estimated by three analysts on average.

• Net Dollar Retention Rate

  : 97% versus 98% estimated by two analysts on average.

• Average Revenue Per Customer (ARPU)

  : $99.45 versus the two-analyst average estimate of $97.11.

View all Key Company Metrics for DigitalOcean here>>>

Shares of DigitalOcean have returned -11.7% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.