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DocuSign (DOCU) Stock Declines While Market Improves: Some Information for Investors
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In the latest close session, DocuSign (DOCU - Free Report) was down 3.36% at $82.04. The stock's performance was behind the S&P 500's daily gain of 0.6%. Meanwhile, the Dow experienced a rise of 0.03%, and the technology-dominated Nasdaq saw an increase of 1.18%.
The stock of provider of electronic signature technology has risen by 26.74% in the past month, leading the Computer and Technology sector's loss of 6.18% and the S&P 500's loss of 0.79%.
Investors will be eagerly watching for the performance of DocuSign in its upcoming earnings disclosure. In that report, analysts expect DocuSign to post earnings of $1.17 per share. This would mark year-over-year growth of 15.84%. Alongside, our most recent consensus estimate is anticipating revenue of $888.69 million, indicating a 8.59% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.61 per share and a revenue of $3.5 billion, signifying shifts of +20.05% and +8.79%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for DocuSign. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.27% higher. At present, DocuSign boasts a Zacks Rank of #2 (Buy).
In the context of valuation, DocuSign is at present trading with a Forward P/E ratio of 18.42. This denotes a discount relative to the industry average Forward P/E of 21.46.
We can additionally observe that DOCU currently boasts a PEG ratio of 1.45. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Internet - Software stocks are, on average, holding a PEG ratio of 1.27 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 90, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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DocuSign (DOCU) Stock Declines While Market Improves: Some Information for Investors
In the latest close session, DocuSign (DOCU - Free Report) was down 3.36% at $82.04. The stock's performance was behind the S&P 500's daily gain of 0.6%. Meanwhile, the Dow experienced a rise of 0.03%, and the technology-dominated Nasdaq saw an increase of 1.18%.
The stock of provider of electronic signature technology has risen by 26.74% in the past month, leading the Computer and Technology sector's loss of 6.18% and the S&P 500's loss of 0.79%.
Investors will be eagerly watching for the performance of DocuSign in its upcoming earnings disclosure. In that report, analysts expect DocuSign to post earnings of $1.17 per share. This would mark year-over-year growth of 15.84%. Alongside, our most recent consensus estimate is anticipating revenue of $888.69 million, indicating a 8.59% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.61 per share and a revenue of $3.5 billion, signifying shifts of +20.05% and +8.79%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for DocuSign. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.27% higher. At present, DocuSign boasts a Zacks Rank of #2 (Buy).
In the context of valuation, DocuSign is at present trading with a Forward P/E ratio of 18.42. This denotes a discount relative to the industry average Forward P/E of 21.46.
We can additionally observe that DOCU currently boasts a PEG ratio of 1.45. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Internet - Software stocks are, on average, holding a PEG ratio of 1.27 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 90, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.