DocuSign, Inc. (NASDAQ:DOCU) is reporting second quarter financial results on Thursday 3rd September 2020, after market close.
According to analysts surveyed by Thomson Reuters, DOCU is expected to report 2Q21 income of $ 0.08 per share from revenue of $ 318.57 million.
For the full year, analysts anticipate top line of $ 1316.39 million, while looking forward to income of $ 0.48 per share bottom line.
The Company Outlook
Revenue for 2Q21 are expected in a range of $ 316.00 million ~ $ 320.00 million
Full Year 2021 topline are forecasted in a range of$ 1,313.00 million ~ $ 1,317.00 million
Click Here For More Historical Outlooks Of DocuSign, Inc.
Previous Quarter Performance
DocuSign, Inc. reported income for the first quarter of $ 0.12 per share, from the revenue of $ 297.02 million. The quarterly earnings raised 71.43 percent compared with the same quarter last year. The consensus estimates are income of $ 0.10 per share from $ 280.93 million in revenue. The bottom line results beat street analysts by $ 0.02 or 20.00 percent, at the same time, top line results outshined analysts by $ 16.09 million or 5.73 percent.
Stock Performance
Shares of DocuSign, Inc. traded low $ -8.85 or -3.29 percent on Wednesday, reaching $ 259.95 with volume of 20.47 million shares. The stock opened positive for the day at $ 282.72, after closing the previous day trading at $ 268.80.
According to the previous trading day, closing price of $ 268.80, representing a 490.51 % increase from the 52 week low of $ 45.52 and a 7.38 % decrease over the 52 week high of $ 290.21.
The company has a market capital of $ 47.70 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 2nd September 2020, maintained by Oppenheimer at Outperform rating, with $ 300.00 target price.
- On 24th August 2020, maintained by Deutsche Bank at Buy rating, with $ 225.00 target price.
- On 18th August 2020, maintained by RBC Capital at Outperform rating, with $ 230.00 target price.
- On 14th August 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 187.00 target price.
Conference Call
DocuSign, Inc. will be hosting a conference call at 4:30 PM eastern time on 3rd September 2020, to discuss its 2Q21 financial results with the investment community. The participants may dial, 877-407-0784 Toll Free or 201-689-8560 (International) in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website viavid.webcasts.com/starthere.jsp?ei=1355010&tp_key=6a66986bd9
DocuSign, Inc. provides cloud based software in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements.
