Docusign Inc (DOCU) Expected to Post Earnings of -$0.02 Per Share
Equities analysts forecast that Docusign Inc (NASDAQ:DOCU) will report earnings of ($0.02) per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Docusign’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at ($0.01). The company is expected to issue its next earnings results on Wednesday, December 5th.
On average, analysts expect that Docusign will report full year earnings of ($0.01) per share for the current fiscal year, with EPS estimates ranging from ($0.06) to $0.02. For the next year, analysts anticipate that the business will report earnings of $0.12 per share, with EPS estimates ranging from $0.06 to $0.19. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Docusign.
Docusign (NASDAQ:DOCU) last posted its quarterly earnings results on Wednesday, September 5th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.02. The firm had revenue of $167.04 million for the quarter, compared to analysts’ expectations of $158.70 million. Docusign’s revenue was up 33.1% compared to the same quarter last year.
In related news, Director Peter Solvik sold 1,304,348 shares of the business’s stock in a transaction dated Tuesday, September 18th. The stock was sold at an average price of $55.00, for a total value of $71,739,140.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Several large investors have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC acquired a new position in shares of Docusign in the second quarter worth about $131,000. Bank of Montreal Can acquired a new position in shares of Docusign in the second quarter worth about $145,000. State of Alaska Department of Revenue acquired a new position in shares of Docusign in the second quarter worth about $160,000. Westpac Banking Corp acquired a new position in shares of Docusign in the second quarter worth about $193,000. Finally, Keybank National Association OH acquired a new position in shares of Docusign in the second quarter worth about $245,000. Institutional investors and hedge funds own 34.12% of the company’s stock.
DOCU stock traded up $0.28 during trading on Thursday, reaching $52.82. 1,914,900 shares of the stock traded hands, compared to its average volume of 1,663,673. Docusign has a 52-week low of $37.00 and a 52-week high of $68.35.
DocuSign, Inc provides cloud based transaction products and services in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. It serves large enterprises, sole proprietorships, small- to medium-sized businesses, professionals, and individuals.
Featured Article: What is the NASDAQ?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Docusign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Docusign and related companies with MarketBeat.com's FREE daily email newsletter.