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DocuSign, Inc. (DOCU - Free Report) is scheduled to report its second-quarter fiscal 2023 results on Sep 8, after the bell.

The company has an impressive earnings surprise history. Its earnings surpassed the Zacks Consensus Estimate in two of the trailing four quarters, matched once and missed once, delivering an average surprise of 7.3%.

Expectations This Time Around

The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $602 million, indicating 17.6% year-over-year growth. The top line is expected to have been driven by growth in subscription revenues, benefiting from strong growth in customer base.

The consensus mark for non-GAAP earnings is pegged at 42 cents, suggesting a 10.6% fall from the year-ago quarter. Higher operating expenses are likely to have weighed on the bottom line in the quarter.

What Our Model Says

Our proven Zacks model does not conclusively predict an earnings beat for DocuSign this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold), increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

DocuSign has an Earnings ESP of -11.91% and carries a Zacks Rank #4 (Sell).

DocuSign Price and EPS Surprise

DocuSign price-eps-surprise | DocuSign Quote

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