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.
Dropbox (DBX) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Read MoreHide Full Article
Dropbox (DBX - Free Report) ended the recent trading session at $26.41, demonstrating a -3.26% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 1.22%. On the other hand, the Dow registered a loss of 0.98%, and the technology-centric Nasdaq decreased by 1.35%.
Heading into today, shares of the online file-sharing company had lost 0.84% over the past month, lagging the Computer and Technology sector's gain of 1.19% and the S&P 500's gain of 1.56%.
Investors will be eagerly watching for the performance of Dropbox in its upcoming earnings disclosure. On that day, Dropbox is projected to report earnings of $0.74 per share, which would represent year-over-year growth of 4.23%. Meanwhile, the latest consensus estimate predicts the revenue to be $625.6 million, indicating a 0.02% decrease compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.08 per share and a revenue of $2.5 billion, representing changes of +8.45% and -0.65%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Dropbox. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Dropbox is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note Dropbox's current valuation metrics, including its Forward P/E ratio of 8.86. This indicates a discount in contrast to its industry's Forward P/E of 15.84.
It's also important to note that DBX currently trades at a PEG ratio of 2.02. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Services industry had an average PEG ratio of 1.63 as trading concluded yesterday.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 166, which puts it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
Image: Bigstock
Dropbox (DBX) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Dropbox (DBX - Free Report) ended the recent trading session at $26.41, demonstrating a -3.26% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 1.22%. On the other hand, the Dow registered a loss of 0.98%, and the technology-centric Nasdaq decreased by 1.35%.
Heading into today, shares of the online file-sharing company had lost 0.84% over the past month, lagging the Computer and Technology sector's gain of 1.19% and the S&P 500's gain of 1.56%.
Investors will be eagerly watching for the performance of Dropbox in its upcoming earnings disclosure. On that day, Dropbox is projected to report earnings of $0.74 per share, which would represent year-over-year growth of 4.23%. Meanwhile, the latest consensus estimate predicts the revenue to be $625.6 million, indicating a 0.02% decrease compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $3.08 per share and a revenue of $2.5 billion, representing changes of +8.45% and -0.65%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Dropbox. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Dropbox is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note Dropbox's current valuation metrics, including its Forward P/E ratio of 8.86. This indicates a discount in contrast to its industry's Forward P/E of 15.84.
It's also important to note that DBX currently trades at a PEG ratio of 2.02. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Services industry had an average PEG ratio of 1.63 as trading concluded yesterday.
The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 166, which puts it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.