Is it time to Buy before this week’s earning report Docusign Stock Forecast, Price & News (NASDAQ:DOCU)

0
865

Earnings results for Docusign Stock Forecast, Price & News (NASDAQ:DOCU)

DocuSign, Inc. is expected* to report earnings on 09/03/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.21. The reported EPS for the same quarter last year was $-0.31.

Docusign last issued its earnings results on June 4th, 2020. The reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. The company earned $297.02 million during the quarter, compared to analysts’ expectations of $281.12 million. Its revenue was up 38.8% compared to the same quarter last year. Docusign has generated ($0.94) earnings per share over the last year. Docusign has confirmed that its next quarterly earnings report will be published on Thursday, September 3rd, 2020.

Analyst Opinion on Docusign Stock Forecast, Price & News (NASDAQ:DOCU)

18 Wall Street analysts have issued ratings and price targets for Docusign in the last 12 months. Their average twelve-month price target is $165.94, predicting that the stock has a possible downside of 37.42%. The high price target for DOCU is $300.00 and the low price target for DOCU is $65.00. There are currently 6 hold ratings and 12 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Docusign has received a consensus rating of Buy. The company’s average rating score is 2.67, and is based on 12 buy ratings, 6 hold ratings, and no sell ratings. According to analysts’ consensus price target of $165.94, Docusign has a forecasted downside of 37.4% from its current price of $265.16. Docusign has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Docusign Stock Forecast, Price & News (NASDAQ:DOCU)

Docusign does not currently pay a dividend. Docusign does not have a long track record of dividend growth.

Insiders buying/selling: Docusign Stock Forecast, Price & News (NASDAQ:DOCU)

In the past three months, Docusign insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $34,035,425.00 in company stock. Only 5.06% of the stock of Docusign is held by insiders. 76.87% of the stock of Docusign is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Docusign Stock Forecast, Price & News (NASDAQ:DOCU

Earnings for Docusign are expected to grow in the coming year, from ($0.74) to ($0.40) per share. The P/E ratio of Docusign is -226.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Docusign is -226.63, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Docusign has a P/B Ratio of 88.09. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

More latest stories: here