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DocuSign (DOCU) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
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Wall Street analysts expect DocuSign (DOCU - Free Report) to post quarterly earnings of $0.80 per share in its upcoming report, which indicates a year-over-year increase of 11.1%. Revenues are expected to be $726.15 million, up 5.6% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some DocuSign metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Revenue- Professional services and other' should come in at $19.41 million. The estimate indicates a change of +5.9% from the prior-year quarter.
Analysts predict that the 'Revenue- Subscription' will reach $706.75 million. The estimate points to a change of +5.6% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Non-GAAP billings' of $720.57 million. Compared to the current estimate, the company reported $711.19 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Non-GAAP subscription gross profit' should arrive at $591.58 million. The estimate compares to the year-ago value of $569.25 million.
DocuSign shares have witnessed a change of +10.1% in the past month, in contrast to the Zacks S&P 500 composite's +2.5% move. With a Zacks Rank #3 (Hold), DOCU is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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DocuSign (DOCU) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates
Wall Street analysts expect DocuSign (DOCU - Free Report) to post quarterly earnings of $0.80 per share in its upcoming report, which indicates a year-over-year increase of 11.1%. Revenues are expected to be $726.15 million, up 5.6% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some DocuSign metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Revenue- Professional services and other' should come in at $19.41 million. The estimate indicates a change of +5.9% from the prior-year quarter.
Analysts predict that the 'Revenue- Subscription' will reach $706.75 million. The estimate points to a change of +5.6% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Non-GAAP billings' of $720.57 million. Compared to the current estimate, the company reported $711.19 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Non-GAAP subscription gross profit' should arrive at $591.58 million. The estimate compares to the year-ago value of $569.25 million.
View all Key Company Metrics for DocuSign here>>>
DocuSign shares have witnessed a change of +10.1% in the past month, in contrast to the Zacks S&P 500 composite's +2.5% move. With a Zacks Rank #3 (Hold), DOCU is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>