DocuSign (DOCU) Ascends While Market Falls: Some Facts to Note

DocuSign (DOCU) ended the recent trading session at $90.42, demonstrating a +1.02% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 1.54%. Meanwhile, the Dow lost 1.63%, and the Nasdaq, a tech-heavy index, lost 1.63%.Prior to today's trading, shares of the provider of electronic signature technology had lost 5.3% over the past month. This has lagged the Computer and Technology sector's gain of 0.11% and the S&P 500's loss of 2.2% in that time.The upcoming earnings release of DocuSign will be of great interest to investors. It is anticipated that the company will report an EPS of $0.84, marking a 10.53% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $759.96 million, reflecting a 6.68% rise from the equivalent quarter last year.Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $3.53 per share and revenue of $2.96 billion, indicating changes of +18.46% and +7.19%, respectively, compared to the previous year.It's also important for investors to be aware of any recent modifications to analyst estimates for DocuSign. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 1.86% higher within the past month. DocuSign is currently a Zacks Rank #2 (Buy).In terms of valuation, DocuSign is presently being traded at a Forward P/E ratio of 25.38. For comparison, its industry has an average Forward P/E of 28.07, which means DocuSign is trading at a discount to the group.We can additionally observe that DOCU currently boasts a PEG ratio of 2.69. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 2.18 based on yesterday's closing prices.The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 29, this industry ranks in the top 12% of all industries, numbering over 250.The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Docusign Inc. (DOCU): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks