Dropbox Inc reports results for the quarter ended in December - Earnings Summary

Dropbox

15/02/2024 22:43

* Dropbox Inc  DBX.OQ  reported quarterly adjusted earnings
of 50
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of 40
cents.  The mean expectation of eleven analysts for the quarter
was for earnings of 48 cents per share. Wall Street expected
results to range from 45 cents to 52 cents per share.
    * Revenue rose 6% to $635.00 million from a year ago;
analysts
expected $631.13 million. 
    * Dropbox Inc's reported EPS for the quarter was 66 cents​.
    * The company reported quarterly net income of $227.3
million.
    * Dropbox Inc shares had risen by 9.9% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is  "hold."

Wall Street's median 12-month price target for Dropbox Inc is
$33.00 
This summary was machine generated from LSEG data February 15 at
10:42 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
 Dec. 31 2023      0.48           0.50           Beat
 Sep. 30 2023      0.49           0.56           Beat
 Jun. 30 2023      0.46           0.51           Beat
 Mar. 31 2023      0.36           0.42           Beat