DocuSign Sees Q3 Total Revenue $687M-$691M vs $686.03M Est., Sees FY24 Total Revenue $2.725B-$2.737B vs $2.72B Est.
Portfolio Pulse from Bill Haddad
DocuSign has projected its Q3 total revenue to be between $687M and $691M, surpassing the estimated $686.03M. The company also forecasts its FY24 total revenue to be between $2.725B and $2.737B, higher than the estimated $2.72B.
September 07, 2023 | 8:07 pm
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POSITIVE IMPACT
DocuSign's revenue projections for Q3 and FY24 exceed estimates, which could positively impact its stock price.
Companies that report earnings or revenue projections that exceed estimates often see a positive reaction in their stock price. As DocuSign's Q3 and FY24 revenue projections surpass estimates, this could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100