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The company has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, delivering an average surprise of 27.1%.
The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $689.2 million, indicating 6.8% year-over-year growth. We expect an increase in revenues from existing customers and the addition of new customers to have driven the top-line growth in the quarter. With direct and indirect go-to-market initiatives in place, we expect that DocuSign had significantly increased its sales to commercial and enterprise customers in the quarter.
Our estimate for subscription revenues stands at $669 million, indicating 7.2% year-over-year growth. Our estimate for professional services and other revenues stands at $20.2 million, indicating a 5.8% year-over-year decline.
The consensus mark for non-GAAP earnings in the to-be-reported quarter is pegged at 61 cents, suggesting a 7% increase from the year-ago quarter. Better operating performance is likely to have positively impacted the bottom line in the quarter.
What Our Model Says
Our proven Zacks model does not conclusively predict an earnings beat for DocuSign this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
The Interpublic Group of Companies, Inc. (IPG - Free Report) posted third-quarter 2023 results, wherein both earnings and revenues missed the Zacks Consensus Estimate.
IPG’s adjusted earnings were 70 cents per share, which lagged the consensus estimate by 6.7%. The bottom line, however, climbed 11.1% on a year-over-year basis.
Net revenues of $2.31 billion fell short of the consensus estimate by 3.3%. In the year-ago quarter, IPG’s net revenues were $2.3 billion. Total revenues of $2.68 billion increased 1.5% year over year.
Equifax Inc. (EFX - Free Report) reported lower-than-expected third-quarter 2023 results. Adjusted earnings (excluding 45 cents from non-recurring items) were $1.76 per share, missing the Zacks Consensus Estimate by 1.1%. Yet, the metric rose 1.7% from the year-ago figure.
EFX’s total revenues of $1.32 billion missed the consensus estimate by 0.7%. Nonetheless, the figure gained 6% from the year-ago figure on a reported basis and 6.5% on a local-currency basis.
Fiserv, Inc. (FI - Free Report) reported impressive third-quarter 2023 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate. Adjusted earnings per share of $1.96 exceeded the consensus mark by 1% and increased 20% year over year. Adjusted revenues of $4.62 billion surpassed the consensus estimate by 0.53% and jumped 8.2% year over year.
FI’s organic revenue growth was 12% in the quarter. This was driven by 20% and 6% growth in the Acceptance and Payments segments, respectively.
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DocuSign (DOCU) to Report Q3 Earnings: What's in the Offing?
DocuSign, Inc. (DOCU - Free Report) is scheduled to report its third-quarter fiscal 2024 results on Dec 7, after the bell.
The company has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, delivering an average surprise of 27.1%.
DocuSign Price and EPS Surprise
DocuSign price-eps-surprise | DocuSign Quote
Expectations This Time Around
The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $689.2 million, indicating 6.8% year-over-year growth. We expect an increase in revenues from existing customers and the addition of new customers to have driven the top-line growth in the quarter. With direct and indirect go-to-market initiatives in place, we expect that DocuSign had significantly increased its sales to commercial and enterprise customers in the quarter.
Our estimate for subscription revenues stands at $669 million, indicating 7.2% year-over-year growth. Our estimate for professional services and other revenues stands at $20.2 million, indicating a 5.8% year-over-year decline.
The consensus mark for non-GAAP earnings in the to-be-reported quarter is pegged at 61 cents, suggesting a 7% increase from the year-ago quarter. Better operating performance is likely to have positively impacted the bottom line in the quarter.
What Our Model Says
Our proven Zacks model does not conclusively predict an earnings beat for DocuSign this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
DocuSign has an Earnings ESP of 0.00% and carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Recent Earnings Snapshots
The Interpublic Group of Companies, Inc. (IPG - Free Report) posted third-quarter 2023 results, wherein both earnings and revenues missed the Zacks Consensus Estimate.
IPG’s adjusted earnings were 70 cents per share, which lagged the consensus estimate by 6.7%. The bottom line, however, climbed 11.1% on a year-over-year basis.
Net revenues of $2.31 billion fell short of the consensus estimate by 3.3%. In the year-ago quarter, IPG’s net revenues were $2.3 billion. Total revenues of $2.68 billion increased 1.5% year over year.
Equifax Inc. (EFX - Free Report) reported lower-than-expected third-quarter 2023 results. Adjusted earnings (excluding 45 cents from non-recurring items) were $1.76 per share, missing the Zacks Consensus Estimate by 1.1%. Yet, the metric rose 1.7% from the year-ago figure.
EFX’s total revenues of $1.32 billion missed the consensus estimate by 0.7%. Nonetheless, the figure gained 6% from the year-ago figure on a reported basis and 6.5% on a local-currency basis.
Fiserv, Inc. (FI - Free Report) reported impressive third-quarter 2023 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate. Adjusted earnings per share of $1.96 exceeded the consensus mark by 1% and increased 20% year over year. Adjusted revenues of $4.62 billion surpassed the consensus estimate by 0.53% and jumped 8.2% year over year.
FI’s organic revenue growth was 12% in the quarter. This was driven by 20% and 6% growth in the Acceptance and Payments segments, respectively.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.