We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
DocuSign (DOCU) Suffers a Larger Drop Than the General Market: Key Insights
Read MoreHide Full Article
DocuSign (DOCU - Free Report) closed at $40.08 in the latest trading session, marking a -0.47% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.17%. At the same time, the Dow lost 0.58%, and the tech-heavy Nasdaq gained 0.27%.
Shares of the provider of electronic signature technology witnessed a loss of 2.96% over the previous month, beating the performance of the Business Services sector with its loss of 5.22% and the S&P 500's loss of 3.95%.
The investment community will be paying close attention to the earnings performance of DocuSign in its upcoming release. The company is predicted to post an EPS of $0.61, indicating a 7.02% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $689.17 million, showing a 6.77% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.62 per share and a revenue of $2.73 billion, demonstrating changes of +29.06% and +8.55%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for DocuSign. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.6% higher. DocuSign is currently a Zacks Rank #3 (Hold).
Looking at its valuation, DocuSign is holding a Forward P/E ratio of 15.36. This signifies a discount in comparison to the average Forward P/E of 22.05 for its industry.
We can also see that DOCU currently has a PEG ratio of 1.11. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. DOCU's industry had an average PEG ratio of 1.39 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 91, this industry ranks in the top 37% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
DocuSign (DOCU) Suffers a Larger Drop Than the General Market: Key Insights
DocuSign (DOCU - Free Report) closed at $40.08 in the latest trading session, marking a -0.47% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.17%. At the same time, the Dow lost 0.58%, and the tech-heavy Nasdaq gained 0.27%.
Shares of the provider of electronic signature technology witnessed a loss of 2.96% over the previous month, beating the performance of the Business Services sector with its loss of 5.22% and the S&P 500's loss of 3.95%.
The investment community will be paying close attention to the earnings performance of DocuSign in its upcoming release. The company is predicted to post an EPS of $0.61, indicating a 7.02% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $689.17 million, showing a 6.77% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.62 per share and a revenue of $2.73 billion, demonstrating changes of +29.06% and +8.55%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for DocuSign. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.6% higher. DocuSign is currently a Zacks Rank #3 (Hold).
Looking at its valuation, DocuSign is holding a Forward P/E ratio of 15.36. This signifies a discount in comparison to the average Forward P/E of 22.05 for its industry.
We can also see that DOCU currently has a PEG ratio of 1.11. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. DOCU's industry had an average PEG ratio of 1.39 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 91, this industry ranks in the top 37% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.