DocuSign Inc reports results for the quarter ended in April - Earnings Summary

Docusign

06/06/2024 22:01

* DocuSign Inc  DOCU.OQ  reported quarterly adjusted
earnings of
82 cents​​ per share for the quarter ended in April, higher than
the same quarter last year, when the company reported EPS of 72
cents.  The mean expectation of eighteen analysts for the
quarter was for earnings of 79 cents per share. Wall Street
expected results to range from 73 cents to 84 cents per share.
    * Revenue rose 7.3% to $709.64 million from a year ago;
analysts
expected $707.13 million. 
    * DocuSign Inc's reported EPS for the quarter was 16 cents​.
    * The company reported quarterly net income of $33.76
million.
    * DocuSign Inc shares had fallen by 10.1% this quarter and
lost 9.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 17
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "hold"

Wall Street's median 12-month price target for DocuSign Inc is
$65.00 
This summary was machine generated from LSEG data June 6 at
09:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      0.79           0.82           Beat
 Jan. 31 2024      0.64           0.76           Beat
 Oct. 31 2023      0.63           0.79           Beat
 Jul. 31 2023      0.66           0.72           Beat