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

Dropbox

02/11/2023 21:03

* Dropbox Inc  DBX.OQ  reported quarterly adjusted earnings
of 56
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 43 cents.  The mean expectation of ten analysts for the
quarter was for earnings of 49 cents per share. Wall Street
expected results to range from 47 cents to 52 cents per share.
    * Revenue rose 7.1% to $633.00 million from a year ago;
analysts
expected $628.94 million. 
    * Dropbox Inc's reported EPS for the quarter was 33 cents​.
    * The company reported quarterly net income of $114.1
million.
    * Dropbox Inc shares had fallen by 3.9% this quarter and
gained 16.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.8%
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 5 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Dropbox Inc
is
$32.00 

This summary was machine generated from LSEG data November 2 at
09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.49           0.56           Beat
 Jun. 30 2023      0.46           0.51           Beat
 Mar. 31 2023      0.36           0.42           Beat
 Dec. 31 2022      0.39           0.40           Beat