Brokerages Anticipate Docusign Inc (DOCU) Will Announce Earnings of -$0.02 Per Share

Brokerages forecast that Docusign Inc (NASDAQ:DOCU) will post ($0.02) earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for Docusign’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at ($0.01). The company is expected to issue its next earnings results on Wednesday, December 5th.

According to Zacks, analysts expect that Docusign will report full-year earnings of ($0.01) per share for the current year, with EPS estimates ranging from ($0.06) to $0.02. For the next financial year, analysts expect that the firm will post earnings of $0.12 per share, with EPS estimates ranging from $0.06 to $0.19. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Docusign.

Docusign (NASDAQ:DOCU) last issued its earnings results on Wednesday, September 5th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02. The firm had revenue of $167.04 million during the quarter, compared to analyst estimates of $158.70 million. The business’s revenue was up 33.1% on a year-over-year basis.

Several brokerages have recently commented on DOCU. Bank of America boosted their target price on shares of Docusign from $48.00 to $63.00 and gave the company a “neutral” rating in a research report on Friday, June 8th. Citigroup boosted their target price on shares of Docusign from $59.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, June 8th. JPMorgan Chase & Co. boosted their target price on shares of Docusign to $70.00 and gave the company an “overweight” rating in a research report on Friday, June 8th. Piper Jaffray Companies boosted their target price on shares of Docusign to $62.00 and gave the company an “overweight” rating in a research report on Friday, June 8th. Finally, Zacks Investment Research upgraded shares of Docusign from a “sell” rating to a “hold” rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $62.33.

In related news, Director Peter Solvik sold 1,304,348 shares of the company’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $55.00, for a total transaction of $71,739,140.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

A number of hedge funds have recently added to or reduced their stakes in the stock. Summit X LLC acquired a new position in Docusign during the 2nd quarter worth approximately $668,000. Northern Trust Corp acquired a new position in Docusign during the 2nd quarter worth approximately $8,231,000. Bank of New York Mellon Corp acquired a new position in Docusign during the 2nd quarter worth approximately $3,295,000. Bain Capital Public Equity Management LLC bought a new stake in Docusign during the 2nd quarter worth approximately $343,705,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Docusign during the 2nd quarter worth approximately $2,630,000. Institutional investors and hedge funds own 34.12% of the company’s stock.

Shares of NASDAQ:DOCU traded up $0.28 during midday trading on Thursday, hitting $52.82. The stock had a trading volume of 1,914,900 shares, compared to its average volume of 1,663,673. Docusign has a fifty-two week low of $37.00 and a fifty-two week high of $68.35.

Docusign Company Profile

DocuSign, Inc provides cloud based transaction products and services in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. It serves large enterprises, sole proprietorships, small- to medium-sized businesses, professionals, and individuals.

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Earnings History and Estimates for Docusign (NASDAQ:DOCU)

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