DocuSign Falls Short on Earnings, The Stock Tumbled 23%

Dow Jones2022-06-10

DocuSign (ticker: DOCU) reported earnings that missed expectations for the April quarter, sending the stock lower in after-hours trading.

The electronic signature documents company reported fiscal first-quarter adjusted earnings per share of 38 cents, compared with Wall Street's consensus estimate of 46 cents, according to FactSet. Revenue came in at $589 million, which was slightly above analysts' expectations of $583 million. DocuSign also gave a guidance range of between $600 million to $604 million for the current quarter versus the $601 million consensus.

DocuSign shares fell 23.27% following the release.

"With over a billion users worldwide, the proven value of our products, and the significant opportunity we have ahead of us, we're confident in our ability to successfully navigate the challenges of a dynamic global environment," Dan Springer, CEO of DocuSign, said in a statement.

The company's stock has declined by 43% this year as of Thursday's close. Earlier this year, DocuSign had provided an outlook that disappointed Wall Street.

Wall Street analysts have been mixed on DocuSign. About 50% have ratings of Buy or the equivalent on the stock, while roughly 45% have Hold ratings on the shares, according to FactSet.

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Comments

  • DMan
    2022-06-10
    DMan
    The hype is over. This is the real test
  • Short
    2022-06-10
    Short
    Oh noo
  • Vincent1968
    2022-06-10
    Vincent1968
    [Sad] [Sad] [Speechless] [Sad] [Speechless] [Sad] [Speechless] [Sad] [Speechless] 
  • jjsh2
    2022-06-10
    jjsh2
    Ok
  • Bodoh
    2022-06-10
    Bodoh
    Oooops
  • Bubble5728
    2022-06-10
    Bubble5728
    [Smile] 
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