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Here's What Key Metrics Tell Us About DocuSign (DOCU) Q2 Earnings
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For the quarter ended July 2024, DocuSign (DOCU - Free Report) reported revenue of $736.03 million, up 7% over the same period last year. EPS came in at $0.97, compared to $0.72 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $726.15 million, representing a surprise of +1.36%. The company delivered an EPS surprise of +21.25%, with the consensus EPS estimate being $0.80.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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
: $724.51 million versus the six-analyst average estimate of $720.57 million.
Total Customers
: 1.6 million compared to the 1.6 million average estimate based on two analysts.
Revenue- Professional services and other
: $18.66 million compared to the $19.41 million average estimate based on seven analysts. The reported number represents a change of +1.9% year over year.
Revenue- Subscription
: $717.37 million compared to the $706.75 million average estimate based on seven analysts. The reported number represents a change of +7.2% year over year.
Non-GAAP subscription gross profit
: $604.25 million versus the six-analyst average estimate of $591.58 million.
Non-GAAP Professional services and other gross profit
: $0.79 million compared to the -$2.40 million average estimate based on six analysts.
Shares of DocuSign have returned +12.5% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About DocuSign (DOCU) Q2 Earnings
For the quarter ended July 2024, DocuSign (DOCU - Free Report) reported revenue of $736.03 million, up 7% over the same period last year. EPS came in at $0.97, compared to $0.72 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $726.15 million, representing a surprise of +1.36%. The company delivered an EPS surprise of +21.25%, with the consensus EPS estimate being $0.80.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
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:
View all Key Company Metrics for DocuSign here>>>Non-GAAP billings
: $724.51 million versus the six-analyst average estimate of $720.57 million.Total Customers
: 1.6 million compared to the 1.6 million average estimate based on two analysts.Revenue- Professional services and other
: $18.66 million compared to the $19.41 million average estimate based on seven analysts. The reported number represents a change of +1.9% year over year.Revenue- Subscription
: $717.37 million compared to the $706.75 million average estimate based on seven analysts. The reported number represents a change of +7.2% year over year.Non-GAAP subscription gross profit
: $604.25 million versus the six-analyst average estimate of $591.58 million.Non-GAAP Professional services and other gross profit
: $0.79 million compared to the -$2.40 million average estimate based on six analysts.Shares of DocuSign have returned +12.5% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.