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.
Ahead of DocuSign (DOCU) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Analysts on Wall Street project that DocuSign (DOCU - Free Report) will announce quarterly earnings of $0.92 per share in its forthcoming report, representing an increase of 2.2% year over year. Revenues are projected to reach $806.13 million, increasing 6.8% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some DocuSign metrics that Wall Street analysts commonly model and monitor.
Analysts predict that the 'Revenue- Professional services and other' will reach $17.91 million. The estimate points to a change of -11% from the year-ago quarter.
The consensus among analysts is that 'Revenue- Subscription' will reach $788.21 million. The estimate suggests a change of +7.3% year over year.
The average prediction of analysts places 'Non-GAAP billings' at $791.22 million. The estimate compares to the year-ago value of $752.31 million.
It is projected by analysts that the 'Total Customers' will reach 1.78 million. Compared to the present estimate, the company reported 1.60 million in the same quarter last year.
The combined assessment of analysts suggests that 'Enterprise & Commercial Customers' will likely reach 275.08 thousand. Compared to the current estimate, the company reported 256.00 thousand in the same quarter of the previous year.
The consensus estimate for 'Non-GAAP subscription gross profit' stands at $652.57 million. The estimate compares to the year-ago value of $619.11 million.
Based on the collective assessment of analysts, 'Non-GAAP professional services and other gross profit' should arrive at -$0.63 million. Compared to the current estimate, the company reported $3.26 million in the same quarter of the previous year.
Shares of DocuSign have demonstrated returns of -5.2% over the past month compared to the Zacks S&P 500 composite's -0.5% change. With a Zacks Rank #3 (Hold), DOCU is expected to mirror the overall market performance in the near future. 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
Ahead of DocuSign (DOCU) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Analysts on Wall Street project that DocuSign (DOCU - Free Report) will announce quarterly earnings of $0.92 per share in its forthcoming report, representing an increase of 2.2% year over year. Revenues are projected to reach $806.13 million, increasing 6.8% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some DocuSign metrics that Wall Street analysts commonly model and monitor.
Analysts predict that the 'Revenue- Professional services and other' will reach $17.91 million. The estimate points to a change of -11% from the year-ago quarter.
The consensus among analysts is that 'Revenue- Subscription' will reach $788.21 million. The estimate suggests a change of +7.3% year over year.
The average prediction of analysts places 'Non-GAAP billings' at $791.22 million. The estimate compares to the year-ago value of $752.31 million.
It is projected by analysts that the 'Total Customers' will reach 1.78 million. Compared to the present estimate, the company reported 1.60 million in the same quarter last year.
The combined assessment of analysts suggests that 'Enterprise & Commercial Customers' will likely reach 275.08 thousand. Compared to the current estimate, the company reported 256.00 thousand in the same quarter of the previous year.
The consensus estimate for 'Non-GAAP subscription gross profit' stands at $652.57 million. The estimate compares to the year-ago value of $619.11 million.
Based on the collective assessment of analysts, 'Non-GAAP professional services and other gross profit' should arrive at -$0.63 million. Compared to the current estimate, the company reported $3.26 million in the same quarter of the previous year.
View all Key Company Metrics for DocuSign here>>>Shares of DocuSign have demonstrated returns of -5.2% over the past month compared to the Zacks S&P 500 composite's -0.5% change. With a Zacks Rank #3 (Hold), DOCU is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .