DocuSign Shares Slip 15% Monthly, Forecasts $0.95 EPS on $828M Revenue
DocuSign shares fell 1.42% to $45.07, underperforming the 0.43% S&P 500 drop, and have slid 14.99% over the past month versus a 3.21% sector decline. The company’s March 17 earnings projection calls for $0.95 EPS (+10.47% yoy) on $828.2M revenue (+6.69%), with a forward P/E of 10.99.
1. Trading Performance
DocuSign shares closed at $45.07, down 1.42% in the latest session, underperforming the S&P 500’s 0.43% decline, the Dow’s 1.05% drop and the Nasdaq’s 0.92% fall. Over the past month the stock has plunged 14.99%, compared to a 3.21% loss in the Computer & Technology sector and a 0.50% slide in the S&P 500.
2. Q1 Earnings Outlook
DocuSign is set to report fiscal Q1 results on March 17, with consensus estimates calling for earnings of $0.95 per share, up 10.47% year over year, and revenue of $828.2 million, representing a 6.69% increase from the prior-year quarter.
3. Valuation and Analyst Sentiment
The company trades at a forward P/E ratio of 10.99, a significant discount to the industry average of 19.36, and has a PEG ratio of 0.77 versus the industry’s 1.12. DocuSign holds a Zacks Rank #3 (Hold) after a 0.63% upward revision to its consensus EPS estimate over the past month.