Doximity (DOCS) Ascends But Remains Behind Market: Some Facts to Note

Doximity (DOCS) closed at $56.65 in the latest trading session, marking a +0.64% move from the prior day. This change lagged the S&P 500's 0.74% gain on the day. At the same time, the Dow added 0.05%, and the tech-heavy Nasdaq gained 1.26%.Shares of the medical social networking site witnessed a loss of 7.04% over the previous month, beating the performance of the Medical sector with its loss of 7.7% and underperforming the S&P 500's loss of 4.77%.Investors will be eagerly watching for the performance of Doximity in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on May 15, 2025. The company is expected to report EPS of $0.27, up 8% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $133.76 million, showing a 13.3% escalation compared to the year-ago quarter.Investors should also note any recent changes to analyst estimates for Doximity. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. As of now, Doximity holds a Zacks Rank of #2 (Buy).With respect to valuation, Doximity is currently being traded at a Forward P/E ratio of 39.95. This represents a premium compared to its industry's average Forward P/E of 16.23.It is also worth noting that DOCS currently has a PEG ratio of 2.16. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Medical Services industry currently had an average PEG ratio of 1.31 as of yesterday's close.The Medical Services industry is part of the Medical sector. This industry, currently bearing a Zacks Industry Rank of 86, finds itself in the top 35% echelons of all 250+ industries.The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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 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 Doximity, Inc. (DOCS): 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