DocuSign (DOCU) Stock Declines While Market Improves: Some Information for Investors

DocuSign (DOCU) closed the latest trading day at $75.42, indicating a -1.27% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.13%. At the same time, the Dow lost 1.33%, and the tech-heavy Nasdaq lost 0.13%.The provider of electronic signature technology's shares have seen a decrease of 10.77% over the last month, not keeping up with the Computer and Technology sector's loss of 9.27% and the S&P 500's loss of 6.3%.Investors will be eagerly watching for the performance of DocuSign in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.81, marking a 1.22% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $746.98 million, indicating a 5.26% increase compared to the same quarter of the previous year.For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.47 per share and a revenue of $3.13 billion, signifying shifts of -2.25% and +5.31%, respectively, from the last year.Investors should also pay attention to any latest changes in analyst estimates for DocuSign. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.17% decrease. As of now, DocuSign holds a Zacks Rank of #3 (Hold).In the context of valuation, DocuSign is at present trading with a Forward P/E ratio of 22.05. This signifies a discount in comparison to the average Forward P/E of 24.35 for its industry.Also, we should mention that DOCU has a PEG ratio of 5.01. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 1.93 based on yesterday's closing prices.The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 72, placing it within the top 30% of over 250 industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.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 256 positions with double- and triple-digit gains in 2024 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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks