DocuSign Likely To Report Lower Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Core Insights - DocuSign, Inc. is set to release its second-quarter earnings results on September 4, with analysts expecting earnings of 85 cents per share, a decrease from 97 cents per share in the same quarter last year [1] - The company is projected to report quarterly revenue of $780.59 million, an increase from $736.03 million a year earlier [1] Financial Performance - In the first quarter, DocuSign reported earnings of 90 cents per share, surpassing the analyst consensus estimate of 81 cents [2] - Quarterly revenue for the first quarter was $763.7 million, exceeding the Street estimate of $748.13 million [2] - Following the first-quarter results, DocuSign shares increased by 2.5%, closing at $75.90 [2] Analyst Ratings and Price Targets - Wedbush analyst Daniel Ives maintained a Neutral rating and reduced the price target from $100 to $85 [7] - Citigroup analyst Tyler Radke kept a Buy rating but lowered the price target from $115 to $100 [7] - B of A Securities analyst Brad Sills maintained a Neutral rating and cut the price target from $88 to $85 [7] - Morgan Stanley analyst Josh Baer maintained an Equal-Weight rating and reduced the price target from $92 to $86 [7] - JP Morgan analyst Mark Murphy maintained a Neutral rating and lowered the price target from $81 to $77 [7]