DocuSign (DOCU) Stock Moves -0.2%: What You Should Know

DocuSign (DOCU) ended the recent trading session at $91.16, demonstrating a -0.2% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.21% for the day. At the same time, the Dow lost 0.16%, and the tech-heavy Nasdaq lost 0.89%.Shares of the provider of electronic signature technology have depreciated by 1.48% over the course of the past month, outperforming the Computer and Technology sector's loss of 2.15% and the S&P 500's loss of 1.56%.The investment community will be paying close attention to the earnings performance of DocuSign in its upcoming release. The company is predicted to post an EPS of $0.84, indicating a 10.53% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $759.96 million, indicating a 6.68% growth compared to the corresponding quarter of the prior year.DOCU's full-year Zacks Consensus Estimates are calling for earnings of $3.53 per share and revenue of $2.96 billion. These results would represent year-over-year changes of +18.46% and +7.19%, respectively.Investors should also note any recent changes to analyst estimates for DocuSign. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.86% higher within the past month. DocuSign is currently sporting a Zacks Rank of #2 (Buy).In the context of valuation, DocuSign is at present trading with a Forward P/E ratio of 25.89. This indicates a discount in contrast to its industry's Forward P/E of 28.24.One should further note that DOCU currently holds a PEG ratio of 2.75. 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. The Internet - Software industry had an average PEG ratio of 2.19 as trading concluded yesterday.The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 33, which puts it in the top 14% of all 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.You can find more information on all of these metrics, and much more, on Zacks.com.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>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