Can DocuSign (DOCU) Run Higher on Rising Earnings Estimates?

Core Viewpoint - DocuSign (DOCU) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][3]. Estimate Revisions - The rising trend in earnings estimate revisions reflects growing analyst optimism regarding DocuSign's earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, DocuSign is projected to earn $0.84 per share, indicating a year-over-year increase of +10.53%. Over the last 30 days, three estimates have increased while two have decreased, leading to a 24.75% rise in the Zacks Consensus Estimate [4]. - For the full year, the earnings estimate stands at$ 3.52 per share, representing an +18.12% change from the previous year. In the past month, seven estimates have been revised upward with no negative revisions, resulting in an 11.39% increase in the consensus estimate [5]. Zacks Rank - DocuSign has achieved a Zacks Rank 2 (Buy) due to favorable estimate revisions, indicating strong potential for outperformance compared to the S&P 500 [6]. - Historically, stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have significantly outperformed the S&P 500, suggesting a positive outlook for DocuSign [6]. Stock Performance - DocuSign shares have increased by 16.2% over the past four weeks, indicating investor confidence in the company's earnings growth prospects [7].