Skip to main content

Dropbox Inc(DBX-Q)
NASDAQ

Today's Change
Real-Time Last Update Last Sale Cboe BZX Real-Time

DocuSign (DOCU) To Report Earnings Tomorrow: Here Is What To Expect

StockStory - Wed Dec 6, 2023

DOCU Cover Image

E-signature company DocuSign (DOCU) will be reporting results tomorrow after market close. Here's what to look for.

Last quarter DocuSign reported revenues of $687.7 million, up 10.5% year on year, beating analyst revenue expectations by 1.5%. It was an ok quarter for the company, with a decent beat of analysts' revenue estimates.

Is DocuSign buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting DocuSign's revenue to grow 6.9% year on year to $690.1 million, slowing down from the 18.3% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.63 per share.

DocuSign Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 2.7%.

Looking at DocuSign's peers in the productivity software segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. Dropbox delivered top-line growth of 7.1% year on year, beating analyst estimates by 0.8% and Box reported revenues up 4.6% year on year, missing analyst estimates by 0.2%. Dropbox traded up 1.1% on the results, and Box was down 8.5%.

Read our full analysis of Dropbox's results here and Box's results here.

There has been positive sentiment among investors in the productivity software segment, with the stocks up on average 10.1% over the last month. DocuSign is up 12.3% during the same time, and is heading into the earnings with analyst price target of $61.5, compared to share price of $46.2.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

Join Paid Stock Investor Research

Help us make StockStory more helpful to investors like yourself. Join our paid user research session and receive a $50 Amazon gift card for your opinions. Sign up here.

The author has no position in any of the stocks mentioned.

More from The Globe