DocuSign is expected to report earnings of $0.39/share on $487.50 million in revenue. Meanwhile, the so-called Whisper number is $0.42. The Whisper number is the Street’s unofficial view on earnings.
A Closer Look At The Fundamentals:
Fundamentally, the company has enjoyed explosive triple-digit growth in each of the last four quarters! The company benefited from the Covid-19 lockdown and stay-at-home world we found ourselves in for most of last year. Now, the question is can the company continue to grow or will it finally slow down?
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A Closer Look At The Chart:
Technically, the stock is acting great as it is just pulling back into its 50 day moving average line after breaking out of a long multi- month base. If the stock gaps up after earnings that will pave the way for more gains. Conversely, if the stock gaps down, then it can easily fall further. A few other stay at home stocks fell recently after reporting earnings (Peloton Interactive
Pay Attention To How The Stock Reacts To The News:
From where I sit, the most important trait I look for during earnings season is how the market and a specific company reacts to the news.