DocuSign Shares Surge 12% on Q3 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/DOCU'>DocuSign Inc. (NASDAQ:DOCU)</a> shares soared more than 12% on Friday after the company reported its Q3 results, with EPS of $0.57 coming in better than the Street estimate of $0.42. Revenue was $645.5 million, beating the Street estimate of $627 million.</p>
<p>The analysts expect Q4/23 revenue to be in the range of $637-641 million, compared to the Street estimate of $640.5 million. For fiscal 2023, the company expects revenue in the range of $2.493-2.497 billion, compared to the Street estimate of $2.49 billion.</p>
<p>Analysts at RBC Capital provide their key takeaways following the results, including: (1) they liked the new CEO's turnaround vision, (2) the preliminary 2024 outlook was better-than-feared, at least compared to some of the aggressive bear cases they have heard from investors, (3) while they came away overall cautiously optimistic, the fact remains that a turnaround could be lengthy, especially in a worsening macro.</p>

NASDAQ:DOCU