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DocuSign (DOCU) Stock Declines While Market Improves: Some Information for Investors
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In the latest trading session, DocuSign (DOCU - Free Report) closed at $80.37, marking a -1.57% move from the previous day. This change lagged the S&P 500's daily gain of 0.37%. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, added 0.83%.
The provider of electronic signature technology's shares have seen an increase of 16.59% over the last month, surpassing the Computer and Technology sector's loss of 13.14% and the S&P 500's loss of 2.29%.
Market participants will be closely following the financial results of DocuSign in its upcoming release. In that report, analysts expect DocuSign to post earnings of $1.17 per share. This would mark year-over-year growth of 15.84%. In the meantime, our current consensus estimate forecasts the revenue to be $888.69 million, indicating a 8.59% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.61 per share and revenue of $3.5 billion. These totals would mark changes of +20.05% and +10.88%, respectively, from last year.
Any recent changes to analyst estimates for DocuSign should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.43% increase. Currently, DocuSign is carrying a Zacks Rank of #2 (Buy).
Looking at valuation, DocuSign is presently trading at a Forward P/E ratio of 17.72. This valuation marks a discount compared to its industry average Forward P/E of 20.34.
We can additionally observe that DOCU currently boasts a PEG ratio of 1.4. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Software was holding an average PEG ratio of 1.3 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 98, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming 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 trading session, DocuSign (DOCU - Free Report) closed at $80.37, marking a -1.57% move from the previous day. This change lagged the S&P 500's daily gain of 0.37%. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, added 0.83%.
The provider of electronic signature technology's shares have seen an increase of 16.59% over the last month, surpassing the Computer and Technology sector's loss of 13.14% and the S&P 500's loss of 2.29%.
Market participants will be closely following the financial results of DocuSign in its upcoming release. In that report, analysts expect DocuSign to post earnings of $1.17 per share. This would mark year-over-year growth of 15.84%. In the meantime, our current consensus estimate forecasts the revenue to be $888.69 million, indicating a 8.59% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.61 per share and revenue of $3.5 billion. These totals would mark changes of +20.05% and +10.88%, respectively, from last year.
Any recent changes to analyst estimates for DocuSign should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.43% increase. Currently, DocuSign is carrying a Zacks Rank of #2 (Buy).
Looking at valuation, DocuSign is presently trading at a Forward P/E ratio of 17.72. This valuation marks a discount compared to its industry average Forward P/E of 20.34.
We can additionally observe that DOCU currently boasts a PEG ratio of 1.4. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Internet - Software was holding an average PEG ratio of 1.3 at yesterday's closing price.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 98, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.