Wall Street analysts forecast that DocuSign (DOCU) will report quarterly earnings of $1.08 per share in its upcoming release, pointing to a year-over-year increase of 17.4%. It is anticipated that revenues will amount to $867.65 million, exhibiting an increase of 8.4% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain DocuSign metrics that are commonly tracked and forecasted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenue- Professional services and other' of $18.46 million. The estimate suggests a change of +13.6% year over year.
The average prediction of analysts places 'Revenue- Subscription' at $848.94 million. The estimate indicates a year-over-year change of +8.2%.
The consensus among analysts is that 'Total Customers' will reach 1.90 million. Compared to the current estimate, the company reported 1.70 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Enterprise & Commercial Customers' will likely reach 289.32 thousand. Compared to the present estimate, the company reported 271.00 thousand in the same quarter last year.
View all Key Company Metrics for DocuSign here>>>Over the past month, DocuSign shares have recorded returns of +12.3% versus the Zacks S&P 500 composite's +2% change. Based on its Zacks Rank #2 (Buy), DOCU will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Docusign Inc. (DOCU): Free Stock Analysis Report
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