DocuSign (DOCU) to Announce Third Quarter Results: What’s Next? – November 26, 2021

DocuSign, Inc. (DOCU Free Report) is expected to release the third quarter of fiscal 2022 results on Dec. 2, after the bell.

The company has an impressive history of profit surprises. It has beaten Zacks’ consensus estimate over the past four quarters, offering an average surprise of 58.8%.

Expectations this time around

Zacks’ consensus estimate for quarterly revenue to report is set at $ 529.3 million, indicating 38.2% year-over-year growth. Revenue is expected to have been driven by growth in subscription revenues as well as professional services and other revenues, both of which benefit from strong growth in the customer base.

The consensus mark for non-GAAP earnings is set at 46 cents, suggesting a jump of more than 100% from the last year’s quarter. Sales growth and operational strength are likely to have boosted net income in the quarter.

What our model says

Our proven Zacks model does not conclusively predict an increase in profits for DocuSign this season. The combination of a positive earnings ESP and a Zacks # 1 (strong buy), 2 (buy), or 3 (hold) ranking increases the odds of beating the winnings. But it is not the case here. You can discover the best stocks to buy or sell before they are flagged with our ESP Earnings Filter.

DocuSign has an ESP on earnings of 0.00% and a Zacks # 3 rank.

You can see tThe full list of today’s Zacks # 1 Rank stocks here.

Recent performance of some other business service companies

Equifax‘s (EFX Free Report) adjusted third quarter 2021 earnings of $ 1.85 per share are 7.6% higher than Zacks’ consensus estimate. Net income has declined year over year.

Equifax’s revenue of $ 1.22 billion exceeded the consensus estimate by 3.6%. Revenue increased 14.5% year-on-year on a reported basis and 14% in local currency.

IQVIA‘s (IQV Free Report) adjusted third-quarter 2021 earnings per share of $ 2.17 topped the consensus mark of 1.9% and increased 33.1% year-over-year.

IQVIA’s total revenue of $ 3.39 billion exceeded the consensus estimate by 1%. Revenue increased 21.7% year-on-year on a reported basis and 21.1% in constant currencies.

Omnicom‘s (MOC Free Report) in the third quarter of 2021, adjusted earnings of $ 1.65 per share broke the consensus bar of 20.4% and increased 36.4% year-over-year.

Omnicom’s total revenue of $ 3.4 billion was 0.6% above the consensus estimate and was up 7.1% year-over-year.

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