DocuSign (DOCU) Beats Stock Market Upswing: What Investors Need to Know

Company Performance - DocuSign (DOCU) stock increased by 2.62% to $57.50, outperforming the S&P 500's daily gain of 0.55% [1] - Over the past month, DocuSign shares have declined by 19.54%, underperforming the Computer and Technology sector's gain of 0.04% and the S&P 500's gain of 0.71% [1] Earnings Expectations - Analysts expect DocuSign to report earnings of $0.95 per share, reflecting a year-over-year growth of 10.47% [2] - The consensus estimate for quarterly revenue is $827.15 million, which represents a 6.56% increase from the previous year [2] Annual Forecast - Zacks Consensus Estimates project earnings of $3.79 per share and revenue of $3.21 billion for the year, indicating changes of +6.76% and +7.83% respectively compared to the previous year [3] Analyst Estimates - Recent modifications to analyst estimates for DocuSign indicate shifting business dynamics, with upward revisions suggesting analysts' positive outlook on the company's profitability [4] Stock Performance Correlation - Research shows that revisions in estimates correlate with stock price performance, and the Zacks Rank model utilizes these changes to provide an operational rating system [5] Zacks Rank and Valuation - DocuSign currently holds a Zacks Rank of 3 (Hold), with a Forward P/E ratio of 14.8, which is lower than the industry average Forward P/E of 23.12 [6] - The PEG ratio for DocuSign is 1.04, compared to the Internet - Software industry's average PEG ratio of 1.39 [7] Industry Ranking - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 73, placing it in the top 30% of over 250 industries [7][8]