All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2019 and/or its affiliates. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. The chart above depicts the trend in analyst earnings per share (EPS) forecasts for Dropbox, Inc. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. Factset: FactSet Research Systems Inc.2019. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. To read this article on click here.Most stock quote data provided by BATS. Dropbox Announces Fiscal 2021 First Quarter Results PDF Version First Quarter Revenue of 511.6 Million, Up 12 Year-over-year Net Cash Provided by Operating Activities of 115.7 Million and Free Cash Flow of 108.8 Million GAAP and Non-GAAP Operating Income of 42.5 Million and 148. Synaptics Incorporated (SYNA) : Free Stock Analysis Reportĭropbox, Inc. (PKI) : Free Stock Analysis ReportĪpplied Materials, Inc. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. PerkinElmer PKI has an Earnings ESP of +5.20% and a Zacks Rank #2. Synaptics SYNA has an Earnings ESP of +0.38% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here. en-us/doc-type/otherdocument/earnings/Q4-Fiscal-Year-2018-Earnings-Release.pdf. Here are a few companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:Īpplied Materials AMAT has an Earnings ESP of +0.52% and a Zacks Rank #2. Twilio (cloud communication), Dropbox (cloud storage) and DocuSign (a. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. But that’s not the case here.ĭropbox has an Earnings ESP of 0.00% and carries a Zacks Rank #3 currently. Its revenue for the quarter was up 7.9 on a year-over-year basis. The firm had revenue of 572.70 million for the quarter, compared to analyst estimates of 571.27 million. The reported 0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of 0.21 by 0.01. Per the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. Dropbox last announced its earnings results on August 4th, 2022. However, higher investments toward product development amid stiff competition from services like Google Drive, Microsoft One Drive, and Citrix ShareFile might have limited margin expansion in the third quarter. Dropbox has an Earnings ESP of 0.00 and carries a Zacks Rank 3 currently. In 2021 the company made an earning of 0.31 B an increase. These factors are likely to have positively impacted growth of average revenue per paying user. According to Dropboxs latest financial reports the companys current earnings (TTM) are 0.34 B. In second-quarter 2021, paying users totaled 16.14 million, up 9% year over year.Īdditionally, integration with leading applications like Zoom and Atlassian may have led to increasing utilization of the platform. The company has been witnessing growth in user base of the Plus subscription plan for individuals after it started offering its Professional premium individual SKU designed for small businesses and freelancers.ĭropbox is likely to have witnessed gains from uptick in its new Family Plan, which offers support for up to six family members under one plan. DocSend is another solution that has gained traction in the to-be-reported quarter.įurther, ongoing momentum in remote-work wave due to the pandemic is driving demand for cloud storage, which is likely to have led to incremental adoption of the Dropbox platform in the third quarter. Let’s see how things have shaped up for Dropbox prior to this announcement: Factors to Considerĭropbox’s HelloSign is expected to have witnessed robust uptake in the third quarter as businesses continue with the work-from-home set up.
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