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DocuSign (DOCU) Declines More Than Market: Some Information for Investors
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In the latest trading session, DocuSign (DOCU - Free Report) closed at $77.96, marking a -2.4% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.13%. Elsewhere, the Dow lost 0.39%, while the tech-heavy Nasdaq added 0.15%.
Shares of the provider of electronic signature technology witnessed a gain of 3.26% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 4.69%, and the S&P 500's gain of 3.39%.
Market participants will be closely following the financial results of DocuSign in its upcoming release. The company is forecasted to report an EPS of $0.84, showcasing a 13.4% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $778.96 million, up 5.83% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.54 per share and revenue of $3.16 billion, which would represent changes of -0.28% and +6.05%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for DocuSign. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, DocuSign is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, DocuSign is presently trading at a Forward P/E ratio of 22.6. Its industry sports an average Forward P/E of 28.27, so one might conclude that DocuSign is trading at a discount comparatively.
One should further note that DOCU currently holds a PEG ratio of 9.87. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. DOCU's industry had an average PEG ratio of 2.15 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 72, finds itself in the top 30% echelons 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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DocuSign (DOCU) Declines More Than Market: Some Information for Investors
In the latest trading session, DocuSign (DOCU - Free Report) closed at $77.96, marking a -2.4% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.13%. Elsewhere, the Dow lost 0.39%, while the tech-heavy Nasdaq added 0.15%.
Shares of the provider of electronic signature technology witnessed a gain of 3.26% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 4.69%, and the S&P 500's gain of 3.39%.
Market participants will be closely following the financial results of DocuSign in its upcoming release. The company is forecasted to report an EPS of $0.84, showcasing a 13.4% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $778.96 million, up 5.83% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.54 per share and revenue of $3.16 billion, which would represent changes of -0.28% and +6.05%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for DocuSign. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, DocuSign is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, DocuSign is presently trading at a Forward P/E ratio of 22.6. Its industry sports an average Forward P/E of 28.27, so one might conclude that DocuSign is trading at a discount comparatively.
One should further note that DOCU currently holds a PEG ratio of 9.87. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. DOCU's industry had an average PEG ratio of 2.15 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 72, finds itself in the top 30% echelons 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.