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.
Gear Up for Doximity (DOCS) Q1 Earnings: Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Analysts on Wall Street project that Doximity (DOCS - Free Report) will announce quarterly earnings of $0.22 per share in its forthcoming report, representing an increase of 15.8% year over year. Revenues are projected to reach $119.88 million, increasing 10.5% from the same quarter last year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Doximity metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Revenues- Other' at $6.07 million. The estimate suggests a change of -15.9% year over year.
The consensus estimate for 'Revenues- Subscription' stands at $113.82 million. The estimate suggests a change of +12.4% year over year.
Analysts' assessment points toward 'Number of customers with at least $100,000 of revenue' reaching 306. Compared to the present estimate, the company reported 296 in the same quarter last year.
Over the past month, Doximity shares have recorded returns of -1.9% versus the Zacks S&P 500 composite's -2.9% change. Based on its Zacks Rank #2 (Buy), DOCS will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Gear Up for Doximity (DOCS) Q1 Earnings: Wall Street Estimates for Key Metrics
Analysts on Wall Street project that Doximity (DOCS - Free Report) will announce quarterly earnings of $0.22 per share in its forthcoming report, representing an increase of 15.8% year over year. Revenues are projected to reach $119.88 million, increasing 10.5% from the same quarter last year.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Doximity metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Revenues- Other' at $6.07 million. The estimate suggests a change of -15.9% year over year.
The consensus estimate for 'Revenues- Subscription' stands at $113.82 million. The estimate suggests a change of +12.4% year over year.
Analysts' assessment points toward 'Number of customers with at least $100,000 of revenue' reaching 306. Compared to the present estimate, the company reported 296 in the same quarter last year.
View all Key Company Metrics for Doximity here>>>
Over the past month, Doximity shares have recorded returns of -1.9% versus the Zacks S&P 500 composite's -2.9% change. Based on its Zacks Rank #2 (Buy), DOCS will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>