DocuSign(US:DOCU) ZACKS·2024-08-22 14:06Core Viewpoint - DocuSign has been trending in stock searches, with a recent performance of +5.6% over the past month, outperforming the S&P 500 composite's +2.2% and the Zacks Technology Services industry's -0.6% [1][2] Earnings Estimate Revisions - For the current quarter, DocuSign is expected to report earnings of $0.80 per share, reflecting an increase of +11.1% year-over-year, with the consensus estimate remaining unchanged over the last 30 days [5] - The consensus earnings estimate for the current fiscal year is $3.26, indicating a year-over-year change of +9.4%, also unchanged over the last 30 days [5] - For the next fiscal year, the consensus estimate is $3.52, representing a +7.9% change from the previous year, with no changes in the estimate over the past month [6] Revenue Growth - The consensus sales estimate for the current quarter is $726.15 million, indicating a year-over-year change of +5.6% [9] - For the current fiscal year, the revenue estimate is $2.93 billion, reflecting a +6% change, while the next fiscal year's estimate is $3.11 billion, indicating a +6.2% change [9] Last Reported Results - In the last reported quarter, DocuSign achieved revenues of $709.64 million, a year-over-year increase of +7.3%, with an EPS of $0.82 compared to $0.72 a year ago [10] - The reported revenues exceeded the Zacks Consensus Estimate of $706.07 million by +0.51%, and the EPS surprise was +3.8% [11] - The company has consistently beaten consensus EPS and revenue estimates in the trailing four quarters [11] Valuation - DocuSign is graded C in the Zacks Value Style Score, indicating it is trading at par with its peers [15] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether the stock is fairly valued [13][14] Conclusion - The Zacks Rank 2 suggests that DocuSign may outperform the broader market in the near term, supported by the discussed earnings and revenue estimates [16]