From Nasdaq: 2024-06-07 18:15:04

Dropbox (DBX) saw its stock close at $21.42, a -0.83% decline from the previous day, falling behind the S&P 500, which lost 0.11%. The company’s stock has experienced a 6.66% loss in the last month, trailing the Computer and Technology sector’s gain of 6.52% and the S&P 500’s 3.51% increase.

Investors are eagerly awaiting Dropbox’s upcoming financial results, with projected earnings per share (EPS) at $0.52, reflecting a 1.96% rise from the same quarter last year. Revenue is estimated to be $629.65 million, up by 1.15% from the previous year. The Zacks Consensus Estimates for the full year anticipate earnings of $2.12 per share and revenue of $2.54 billion, showing changes of +7.07% and +1.66%, respectively.

Analyst revisions to estimates play a crucial role for investors, signaling confidence in a company’s business performance. The Zacks Rank system, with Dropbox currently at a #1 (Strong Buy), has consistently outperformed, showing an average annual return of +25% since 1988. Furthermore, Dropbox’s current Forward P/E ratio of 10.19 suggests it’s trading at a discount compared to its industry’s average of 22.8.

The Internet – Services industry, which includes Dropbox, is part of the Computer and Technology sector and is ranked 85 out of over 250 industries. Industries in the top 50% typically outperform the bottom half by a factor of 2 to 1, making it essential to track these metrics for trading insights. Don’t miss out on Zacks’ buys and sells, offering access to their top picks and portfolio services for just $1.

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Read more at Nasdaq: Dropbox (DBX) Dips More Than Broader Market: What You Should Know