DocuSign, Inc

DOCUNASDAQ
DOCU
DocuSign, IncNASDAQ
 
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Dec 122022

Sign me up

DocuSign had investors clicking their pens and looking for the dotted line, with its Q3 earnings coming in better-than-expected.

  • Electronic signature company DocuSign has released its Q3 earnings to investors' delight. The company reported earnings per share of $0.57 compared to expectations of $0.42, and also beat revenue predictions of $626m – reporting $645m.
  • The revenue beat had the service’s subscription model to thank, seeing a revenue increase of 18% YoY. Its professional services business was also following the upward trend, with a 27% rise in sales over the same period.
  • DocuSign’s Q4 guidance was the cherry on top for investors, now reporting that revenue could reach up to $641m, compared to average predictions of $640m. Analysts have also been upgrading the stock, so Q4 could turn out to be a positive one for the company.
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Jun 102022

Some DocuSign drama for ya

Pandemic darling DocuSign gets partially erased from the stock market whiteboard, as investors become increasingly concerned with profitability in a post-covid world.

  • Shares cratered nearly 25% in extended trading on Thursday to near a one-month low, now trading around pre-pandemic prices. The e-signature company posted weaker-than-expected earnings, reporting EPS of $0.38 on revenues that jumped 25% to come in at $588.7m.
  • Investors wanna see profitability over growth, and there’s not enough evidence of that just yet it seems. DocuSign boomed in the pandemic as in-person meetings became soooo 2019, but that pace has slowed recently. It’s switching up its focus from increasing demand to gaining a competitive advantage – its recent deal expansion with Microsoft should help.
  • There’s no escaping macroeconomic headwinds. DocuSign won’t be cutting any staff (while many are) but it will be slowing down hiring to balance growth and profitability. The conflict in Ukraine has hurt that profitability, leading to some deals being stalled, so there’s a long road ahead for this brand.
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Mar 112022

DocuSign of the times

It doesn’t look like investors are willing to sign on the bottom line after DocuSign’s earnings slash any post-pandemic hopes.

🔍 Key points:

  • The stock dropped over 17% in extended trading on Thursday after hitting its lowest level since April 2021 in day trading, despite a modest Q4 earnings beat that reported EPS of $0.48 on revenues of $580.8m.
  • Pandemic winners have dropped in the ranks (and on the charts). This marks DocuSign’s second consecutive dramatic post-earnings drop as people decide to use their freedom to carry out business in person. Prices are now off about 75% since peaking above $300 last summer.
  • Disappointing guidance was the big problem here. DocuSign forecast current quarter revenue of up to $583m at the high end, missing estimates and flat with Q4 results. CEO Dan Springer blames one-time use cases during the pandemic, increased volume during the pandemic, and basically all things about post-lockdown life – will an upcoming exec shake-up sort things out?
See all reported financials
Illustration by TradingView
Dec 032021

Signing away Q4

Investors are looking for a loophole after reading the fine print in DocuSign’s Q3 earnings.

  • Shares plunged 30% in Thursday after-hours trading to their lowest level in over a year despite a seemingly solid earnings report.
  • Revenue of $545.5m was up 42% and healthily beat expectations of $531m. EPS of $0.61 came in well above forecasts of $0.46.
  • It’s the sixth straight quarter showing revenue growth of over 40% thanks to the pandemic and an explosion in WFH stocks.
  • But it missed its own billings forecast, bringing in $565.2m compared to its previous guidance of between $585m to $597m.
  • Lower Q4 guidance had investors spooked, forecasting revenue of between $557m and $563m. That would represent growth of only 30%, severely missing estimates of $573.8m.
  • The pandemic boom is over. The WFH fave is up a modest 5% so far this year after nearly tripling in 2020.
Illustration by TradingView
Jun 072021

Docusign celebrates Q1 earnings blowout

It's time to party, as shares of e-signature leader DocuSign surge a solid 20% on the back of some stellar first quarter earnings.

DocuSign lifted just under 20% on Friday and carried on the upwards trend into this week with a further 3.31% jump on Monday after beating on the top and bottom lines of its latest earnings. The tech company reported earnings of $0.44 per share, which is way ahead of expectations of $0.28 per share, and represented a magnificent 267% increase from the same period the year before. Revenues also skyrocketed 58% year over year to $469.1 million, outpacing expectations of $437.6 million. For the cherry on top, the company continues to crank out the cash and saw its operating cash flow increase 129%. All in all, a pretty impressive quarter for the leading e-signature player.

Investors coming into earnings were cautious that last quarter's billings growth might indicate a slowdown, but continued new customer additions and existing customer usage delivered another quarter of revenue acceleration. There were plenty of highlights and very little to pick on in the quarter

said J.P. Morgan in an analyst note.

DocuSign has thrived under the work-from-home restrictions that COVID imposed on the world thanks to its digital agreement technology, so it’s reassuring to see the upwards trend continue in a (nearly) post-pandemic world.

We believe that DOCU is in a sweet spot to continue to receive significant customer spending given its unique solution with an e-signature shift that has likely permanently changed among enterprises moving forward (and is not just a WFH pull forward)

Wedbush said in an analyst note.