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

Dropbox

04/05/2023 22:03

* Dropbox Inc  DBX.OQ  reported quarterly adjusted earnings
of 42
cents​​ per share for the quarter ended in March. The mean
expectation of twelve analysts for the quarter was for earnings
of 36 cents per share.
    * Revenue rose 8.7% to $611.10 million from a year ago;
analysts
expected $601.07 million. 
    * Dropbox Inc's reported EPS for the quarter was 20 cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Dropbox Inc shares had fallen by 8.0% this quarter and
lost 11.2% so far this year.
    * The company reported quarterly net income of $69 million.
    * Wall Street's median 12-month price target for Dropbox Inc
is
$24.65 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 4
"hold" and 3 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 09:03 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.36           0.42           Beat
 Dec. 31 2022      0.39           0.40           Beat
 Sep. 30 2022      0.38           0.43           Beat
 Jun. 30 2022      0.37           0.38           Beat