While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Īhead of this earnings release, the estimate revisions trend for Dropbox: mixed.
Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Įmpirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. While Dropbox has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.ĭropbox shares have added about 15.6% since the beginning of the year versus the S&P 500's gain of 17.6%.
The company has topped consensus revenue estimates four times over the last four quarters. This compares to year-ago revenues of $572.7 million. Over the last four quarters, the company has surpassed consensus EPS estimates four times.ĭropbox, which belongs to the Zacks Internet - Services industry, posted revenues of $622.5 million for the quarter ended June 2023, surpassing the Zacks Consensus Estimate by 1.44%. A quarter ago, it was expected that this online file-sharing company would post earnings of $0.35 per share when it actually produced earnings of $0.42, delivering a surprise of 20%. This quarterly report represents an earnings surprise of 13.33%. These figures are adjusted for non-recurring items.
This compares to earnings of $0.38 per share a year ago.
DROPBOX BASIC FREE
Dropbox ( DBX Quick Quote DBX - Free Report) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.45 per share.
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