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DocuSign (DOCU) Declines More Than Market: Some Information for Investors
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DocuSign (DOCU - Free Report) closed the most recent trading day at $73.84, moving -2.04% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.49% for the day. At the same time, the Dow lost 0.14%, and the tech-heavy Nasdaq lost 0.65%.
Coming into today, shares of the provider of electronic signature technology had lost 2.91% in the past month. In that same time, the Computer and Technology sector gained 3.58%, while the S&P 500 gained 0.96%.
The upcoming earnings release of DocuSign will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.84, reflecting a 13.4% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $778.96 million, up 5.83% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.54 per share and a revenue of $3.16 billion, indicating changes of -0.28% and +6.05%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for DocuSign. Such recent modifications usually signify the changing landscape of near-term business trends. 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. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, DocuSign possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, DocuSign is holding a Forward P/E ratio of 21.32. This valuation marks a discount compared to its industry average Forward P/E of 27.97.
Investors should also note that DOCU has a PEG ratio of 9.31 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 2.26.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
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DocuSign (DOCU) Declines More Than Market: Some Information for Investors
DocuSign (DOCU - Free Report) closed the most recent trading day at $73.84, moving -2.04% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.49% for the day. At the same time, the Dow lost 0.14%, and the tech-heavy Nasdaq lost 0.65%.
Coming into today, shares of the provider of electronic signature technology had lost 2.91% in the past month. In that same time, the Computer and Technology sector gained 3.58%, while the S&P 500 gained 0.96%.
The upcoming earnings release of DocuSign will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.84, reflecting a 13.4% decrease from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $778.96 million, up 5.83% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.54 per share and a revenue of $3.16 billion, indicating changes of -0.28% and +6.05%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for DocuSign. Such recent modifications usually signify the changing landscape of near-term business trends. 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. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, DocuSign possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, DocuSign is holding a Forward P/E ratio of 21.32. This valuation marks a discount compared to its industry average Forward P/E of 27.97.
Investors should also note that DOCU has a PEG ratio of 9.31 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Internet - Software industry had an average PEG ratio of 2.26.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 78, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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 follow all of these stock-moving metrics, and many more, on Zacks.com.