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DocuSign (DOCU) Stock Dips While Market Gains: Key Facts
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DocuSign (DOCU - Free Report) closed at $70.70 in the latest trading session, marking a -1.04% move from the prior day. This move lagged the S&P 500's daily gain of 0.23%. Meanwhile, the Dow gained 0.34%, and the Nasdaq, a tech-heavy index, added 0.8%.
The stock of provider of electronic signature technology has fallen by 13.03% in the past month, lagging the Computer and Technology sector's gain of 6.04% and the S&P 500's gain of 3.57%.
The investment community will be closely monitoring the performance of DocuSign in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.92, marking a 2.22% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $806.13 million, indicating a 6.8% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.69 per share and revenue of $3.2 billion, which would represent changes of +3.94% and +7.34%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for DocuSign. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. DocuSign is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that DocuSign has a Forward P/E ratio of 19.36 right now. This valuation marks a discount compared to its industry average Forward P/E of 30.57.
It's also important to note that DOCU currently trades at a PEG ratio of 1.31. 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. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 2.18.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 62, this industry ranks in the top 26% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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DocuSign (DOCU) Stock Dips While Market Gains: Key Facts
DocuSign (DOCU - Free Report) closed at $70.70 in the latest trading session, marking a -1.04% move from the prior day. This move lagged the S&P 500's daily gain of 0.23%. Meanwhile, the Dow gained 0.34%, and the Nasdaq, a tech-heavy index, added 0.8%.
The stock of provider of electronic signature technology has fallen by 13.03% in the past month, lagging the Computer and Technology sector's gain of 6.04% and the S&P 500's gain of 3.57%.
The investment community will be closely monitoring the performance of DocuSign in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.92, marking a 2.22% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $806.13 million, indicating a 6.8% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.69 per share and revenue of $3.2 billion, which would represent changes of +3.94% and +7.34%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for DocuSign. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. DocuSign is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that DocuSign has a Forward P/E ratio of 19.36 right now. This valuation marks a discount compared to its industry average Forward P/E of 30.57.
It's also important to note that DOCU currently trades at a PEG ratio of 1.31. 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. As of the close of trade yesterday, the Internet - Software industry held an average PEG ratio of 2.18.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 62, this industry ranks in the top 26% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.