On that day, DBX is projected to report earnings of $0.17 per share, which would represent year-over-year growth of 70%. Heading into today, shares of the online file-sharing company had gained 2.3% over the past month, lagging the Computer and Technology sector's gain of 6.24% and the S&P 500's gain of 7.09% in that time.ĭBX will be looking to display strength as it nears its next earnings release, which is expected to be August 6, 2020. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 1.35%. This change outpaced the S&P 500's 1.24% gain on the day. To read this article on click here.In the latest trading session, Dropbox (DBX) closed at $22.56, marking a +1.3% move from the previous day. Click to get this free reportĭropbox, Inc. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. This group has a Zacks Industry Rank of 193, putting it in the bottom 24% of all 250+ industries. The Internet - Services industry is part of the Computer and Technology sector.
DBX's industry had an average PEG ratio of 2.02 as of yesterday's close. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. It is also worth noting that DBX currently has a PEG ratio of 0.72. This valuation marks a discount compared to its industry's average Forward P/E of 38.11. Looking at its valuation, DBX is holding a Forward P/E ratio of 24.88. DBX is currently sporting a Zacks Rank of #2 (Buy). Within the past 30 days, our consensus EPS projection remained stagnant. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. Our research shows that these estimate changes are directly correlated with near-term stock prices. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. These revisions typically reflect the latest short-term business trends, which can change frequently. Investors should also note any recent changes to analyst estimates for DBX. These results would represent year-over-year changes of +54% and +14.18%, respectively. DBX's full-year Zacks Consensus Estimates are calling for earnings of $0.77 per share and revenue of $1.90 billion.
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