Doximity (DOCS) Stock Moves -0.13%: What You Should Know

The most recent trading session ended with Doximity (DOCS) standing at $53.39, reflecting a -0.13% shift from the previouse trading day's closing. This move was narrower than the S&P 500's daily loss of 0.43%. On the other hand, the Dow registered a loss of 0.07%, and the technology-centric Nasdaq decreased by 0.9%.Shares of the medical social networking site have appreciated by 0.09% over the course of the past month, outperforming the Medical sector's loss of 7.03% and the S&P 500's loss of 1.98%.The investment community will be paying close attention to the earnings performance of Doximity in its upcoming release. The company's earnings per share (EPS) are projected to be $0.33, reflecting a 13.79% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $152.44 million, up 12.69% from the year-ago period.For the full year, the Zacks Consensus Estimates project earnings of $1.14 per share and a revenue of $539.15 million, demonstrating changes of +20% and +13.4%, respectively, from the preceding year.Investors should also pay attention to any latest changes in analyst estimates for Doximity. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 past month, the Zacks Consensus EPS estimate has remained steady. Doximity is currently a Zacks Rank #1 (Strong Buy).From a valuation perspective, Doximity is currently exchanging hands at a Forward P/E ratio of 46.95. This denotes a premium relative to the industry's average Forward P/E of 16.25.Meanwhile, DOCS's PEG ratio is currently 3.27. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Medical Services stocks are, on average, holding a PEG ratio of 1.46 based on yesterday's closing prices.The Medical Services industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 134, positioning it in the bottom 47% of all 250+ industries.The Zacks Industry Rank gauges the strength of our 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.Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next 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 Doximity, Inc. (DOCS): 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