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) Stock Falls Amid Market Uptick: What Investors Need to Know
Read MoreHide Full Article
Dropbox (DBX - Free Report) ended the recent trading session at $27.32, demonstrating a -1.3% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.28%. Elsewhere, the Dow saw an upswing of 0.43%, while the tech-heavy Nasdaq appreciated by 0.09%.
Coming into today, shares of the online file-sharing company had lost 2.43% in the past month. In that same time, the Computer and Technology sector gained 6.2%, while the S&P 500 gained 4.37%.
The upcoming earnings release of Dropbox will be of great interest to investors. In that report, analysts expect Dropbox to post earnings of $0.63 per share. This would mark year-over-year growth of 5%. Meanwhile, our latest consensus estimate is calling for revenue of $617.77 million, down 2.64% from the prior-year quarter.
DBX's full-year Zacks Consensus Estimates are calling for earnings of $2.61 per share and revenue of $2.48 billion. These results would represent year-over-year changes of +4.82% and -2.57%, respectively.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Dropbox presently features a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Dropbox is presently being traded at a Forward P/E ratio of 10.6. This denotes a discount relative to the industry average Forward P/E of 20.26.
Investors should also note that DBX has a PEG ratio of 7.31 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Services industry had an average PEG ratio of 1.59 as trading concluded yesterday.
The Internet - Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 152, placing it within the bottom 39% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Dropbox (DBX) Stock Falls Amid Market Uptick: What Investors Need to Know
Dropbox (DBX - Free Report) ended the recent trading session at $27.32, demonstrating a -1.3% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.28%. Elsewhere, the Dow saw an upswing of 0.43%, while the tech-heavy Nasdaq appreciated by 0.09%.
Coming into today, shares of the online file-sharing company had lost 2.43% in the past month. In that same time, the Computer and Technology sector gained 6.2%, while the S&P 500 gained 4.37%.
The upcoming earnings release of Dropbox will be of great interest to investors. In that report, analysts expect Dropbox to post earnings of $0.63 per share. This would mark year-over-year growth of 5%. Meanwhile, our latest consensus estimate is calling for revenue of $617.77 million, down 2.64% from the prior-year quarter.
DBX's full-year Zacks Consensus Estimates are calling for earnings of $2.61 per share and revenue of $2.48 billion. These results would represent year-over-year changes of +4.82% and -2.57%, respectively.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Dropbox presently features a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Dropbox is presently being traded at a Forward P/E ratio of 10.6. This denotes a discount relative to the industry average Forward P/E of 20.26.
Investors should also note that DBX has a PEG ratio of 7.31 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Services industry had an average PEG ratio of 1.59 as trading concluded yesterday.
The Internet - Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 152, placing it within the bottom 39% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.