DocuSign reported better-than-expected fiscal first quarter results.
The electronic signature solutions company’s first-quarter revenue surged 58% year-over-year to $469.1 million, beating FactSet consensus for $437.6 million.
The company’s adjusted earnings came in at 44 cents a share, compared to FactSet consensus of 28 cents.
Billings rose 54% year-over-year to $527.4 million, surpassing FactSet estimate of $466.7 million.
GAAP gross-profit margin widened 3 percentage points to 78%.
For the fiscal second quarter, DocuSign is expecting revenue in the range of $479 million to $485 million – compared to $474.2 million predicted by analysts polled by FactSet.
For full fiscal year 2022, the company projects revenue in the range of $2.03 billion to $2.04 billion, while FactSet's survey estimates $1.99 billion.
Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DOCU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
DOCU broke above its upper Bollinger Band on May 02, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Momentum Indicator moved above the 0 level on May 02, 2024. You may want to consider a long position or call options on DOCU as a result. In of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for DOCU just turned positive on May 03, 2024. Looking at past instances where DOCU's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
DOCU moved above its 50-day moving average on April 23, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where DOCU advanced for three days, in of 327 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 253 cases where DOCU Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. DOCU’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to slightly better than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (10.593) is normal, around the industry mean (30.031). P/E Ratio (161.750) is within average values for comparable stocks, (155.935). Projected Growth (PEG Ratio) (0.522) is also within normal values, averaging (2.725). Dividend Yield (0.000) settles around the average of (0.081) among similar stocks. P/S Ratio (4.405) is also within normal values, averaging (55.589).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. DOCU’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of cloud-based electronic signature solutions
Industry PackagedSoftware