Docusign Stock Plunges More Than 28%!
Likely Cause – Dissipation of Pandemic Panic!

expectations for Docusign Earnings

The consensus earnings estimate is $0.46 per share on revenue of $530.63 million; but the Whisper number is higher at $0.52 per share.

The company's guidance was for revenue of $526.00 million to $532.00 million. Consensus estimates are for year-over-year earnings growth of 187.50% with revenue increasing by 38.57%.

Short interest has decreased by 11.9% and overall earnings estimates have been revised lower since the company's last earnings release.

Highlights for Docusign Stock…..

• Total revenue was $545.5 million, an increase of 42% year-over-year. Subscription revenue was $528.6 million, an increase of 44% year-over-year. Professional services and other revenue was $16.9 million, an increase of 4% year-over-year.
• Billings were $565.2 million, an increase of 28% year-over-year.
• GAAP gross margin was 79% compared to 74% in the same period last year. Non-GAAP gross margin was 82% compared to 79% in the same period last year.
• GAAP net loss per basic and diluted share was $0.03 on 198 million shares outstanding compared to $0.31 on 186 million shares outstanding in the same period last year.
• Non-GAAP net income per diluted share was $0.58 on 208 million shares outstanding compared to $0.22 on 206 million shares outstanding in the same period last year.
• Net cash provided by operating activities was $105.4 million compared to $57.4 million in the same period last year.
• Free cash flow was $90.0 million compared to $38.1 million in the same period last year.
• Cash, cash equivalents, restricted cash and investments were $908.2 million at the end of the quarter.

"Third quarter revenue growth of 42% year-over-year and operating margin of 22% exceeded our expectations. After six quarters of accelerated growth, we saw customers return to more normalized buying patterns, resulting in 28% year-over-year billings growth," said Dan Springer, CEO of DocuSign. "With a $50 billion TAM and 1.11 million customers worldwide, we are confident in the value DocuSign delivers in an increasingly digital anywhere economy."