Dropbox Inc expected to post earnings of 50 cents a share - Earnings Preview
08/05/2024 02:08
* Dropbox Inc DBX.OQ DBX.O is expected to show a rise in
quarterly revenue when it reports results on May 9 for the
period ending March 31 2024
* The San Francisco California-based company is expected to
report a 2.9% increase in revenue to $628.667 million from
$611.1 million a year ago, according to the mean estimate from
10 analysts, based on LSEG data.The company's guidance on
February 15 2024, for the period ended March 31, was for revenue
between $627.00 million and $630.00 million.
* LSEG's mean analyst estimate for Dropbox Inc is for
earnings of
50 cents per share.
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"hold" and 3 "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for Dropbox Inc
is
$28.00, above its last closing price of $23.61.
The company's guidance on February 15 2024 for the period ended
March 31 was for Earnings before Interest and Taxes between
USD206.91 million and USD207.9 million.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 0.49 0.48 0.50 Beat 4.2
Jan. 1 2023 0.50 0.49 0.56 Beat 14.2
Jun. 30 2023 0.46 0.46 0.51 Beat 12.1
Mar. 31 2023 0.36 0.36 0.42 Beat 17
Dec. 0.40 0.39 0.40 Beat 1.5
31 2022
Jan. 1 0001 0.37 0.38 0.43 Beat 14.6
Jun. 30 2022 0.37 0.37 0.38 Beat 2.4
Mar. 31 2022 0.38 0.37 0.38 Beat 2.4
This summary was machine generated May 8 at 01:07 GMT. 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)