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

Dropbox

09/05/2024 23:42

* Dropbox Inc  DBX.OQ  reported quarterly adjusted earnings
of 58
cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 42
cents.  The mean expectation of twelve analysts for the quarter
was for earnings of 50 cents per share. Wall Street expected
results to range from 47 cents to 52 cents per share.
    * Revenue rose 3.3% to $631.30 million from a year ago;
analysts
expected $628.67 million. 
    * Dropbox Inc's reported EPS for the quarter was 39 cents​.
    * The company reported quarterly net income of $132.3
million.
    * Dropbox Inc shares had fallen by 4.0% this quarter and
lost 20.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.5%
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 "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"hold" and 3 "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 Dropbox Inc is
$28.00 
This summary was machine generated from LSEG data May 9 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
 Mar. 31 2024      0.50           0.58           Beat
 Dec. 31 2023      0.48           0.50           Beat
 Sep. 30 2023      0.46           0.56           Beat
 Jun. 30 2023      0.46           0.51           Beat