For the quarter ended January 2024, DocuSign (DOCU - Free Report) reported revenue of $712.39 million, up 8% over the same period last year. EPS came in at $0.76, compared to $0.65 in the year-ago quarter.
The reported revenue represents a surprise of +2.05% over the Zacks Consensus Estimate of $698.05 million. With the consensus EPS estimate being $0.64, the EPS surprise was +18.75%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how DocuSign performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Non-GAAP billings: $833.07 million versus $761.57 million estimated by five analysts on average.
- Revenue- Professional services and other: $16.70 million versus the seven-analyst average estimate of $16.81 million. The reported number represents a year-over-year change of +5.1%.
- Revenue- Subscription: $695.68 million compared to the $681.29 million average estimate based on seven analysts. The reported number represents a change of +8.1% year over year.
- Non-GAAP subscription gross profit: $590.95 million versus the six-analyst average estimate of $572.62 million.
- Non-GAAP Professional services and other gross profit: -$3.57 million versus -$3.06 million estimated by six analysts on average.
View all Key Company Metrics for DocuSign here>>>Shares of DocuSign have returned +2.3% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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For the quarter ended January 2024, DocuSign (DOCU - Free Report) reported revenue of $712.39 million, up 8% over the same period last year. EPS came in at $0.76, compared to $0.65 in the year-ago quarter.
The reported revenue represents a surprise of +2.05% over the Zacks Consensus Estimate of $698.05 million. With the consensus EPS estimate being $0.64, the EPS surprise was +18.75%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how DocuSign performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Non-GAAP billings: $833.07 million versus $761.57 million estimated by five analysts on average.
- Revenue- Professional services and other: $16.70 million versus the seven-analyst average estimate of $16.81 million. The reported number represents a year-over-year change of +5.1%.
- Revenue- Subscription: $695.68 million compared to the $681.29 million average estimate based on seven analysts. The reported number represents a change of +8.1% year over year.
- Non-GAAP subscription gross profit: $590.95 million versus the six-analyst average estimate of $572.62 million.
- Non-GAAP Professional services and other gross profit: -$3.57 million versus -$3.06 million estimated by six analysts on average.
View all Key Company Metrics for DocuSign here>>>Shares of DocuSign have returned +2.3% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
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