Dropbox stock closed higher, with expected increase in earnings and a strong buy rating.

From Nasdaq: 2024-06-14 18:15:10

Dropbox (DBX) stock closed at $21.23, up 1.48%, outperforming the S&P 500. In the past month, the stock has fallen by 12.69%. Earnings per share (EPS) are expected to increase by 1.96%. Dropbox’s forward P/E ratio is 9.87, a discount compared to the industry average of 22.58. The Zacks Rank for Dropbox is #1 (Strong Buy).

Investors are eyeing Dropbox’s upcoming earnings release, which is projected to have an EPS of $0.52 and revenue of $629.65 million. Analysts’ estimates could indicate shifts in the company’s performance and stock prices. Dropbox’s PEG ratio is 0.86, pointing to expected earnings growth. The Internet – Services industry, where Dropbox operates, has a Zacks Industry Rank of 91, in the top 37%.

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Read more at Nasdaq: Dropbox (DBX) Ascends While Market Falls: Some Facts to Note