DocuSign (NASDAQ:DOCU) closed at $41.08 recently, marking a 1.66% increase from the previous day. This gain outpaced the S&P 500's rise of 0.28%, as well as the Dow and Nasdaq's respective increases of 0.17% and 0.9%. Despite this uptick, the company has registered a 4.65% monthly loss, underperforming both the Business Services sector's 0.48% loss and the S&P 500's 1.45% gain.
The market is currently waiting on DocuSign's forthcoming earnings report, which is expected to reveal an earnings per share (EPS) of $0.61, representing a growth of 7.02%, and revenues of $689.17 million, indicating a growth of 6.77%.
Zacks Consensus Estimates for the full fiscal year predict earnings of $2.62 per share and revenues of $2.73 billion, signifying year-over-year changes of +29.06% and +8.55% respectively.
Even though the consensus EPS estimate has remained stagnant over the past month, revisions in analyst estimates reflecting shifting short-term business patterns have influenced DocuSign's Zacks Rank within their system. The company currently holds a rank of #3 (Hold), suggesting potential future stock price performance due to optimism surrounding business and profitability.
InvestingPro Insights
The InvestingPro data reveals DocuSign's market cap stands at $8350M, with a negative P/E ratio of -487.74. In the last twelve months as of Q2 2024, the company's revenue was $2654.11M, marking a growth of 13.56%. The gross profit for the same period was an impressive $2108.87M, indicating a gross profit margin of 79.46%.
InvestingPro Tips highlight that DocuSign holds more cash than debt on its balance sheet, and net income is expected to grow this year. However, it's worth noting that the company's revenue growth has been slowing down recently. Additionally, 17 analysts have revised their earnings upwards for the upcoming period, indicating a positive sentiment towards the company's performance.
For more detailed insights and tips, consider exploring the InvestingPro platform which hosts a comprehensive list of 11 additional tips for DocuSign.
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