DBX's industry had an average PEG ratio of 2.44 as of yesterday's close. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Its industry sports an average Forward P/E of 33.17, so we one might conclude that DBX is trading at a discount comparatively.Īlso, we should mention that DBX has a PEG ratio of 0.93. In terms of valuation, DBX is currently trading at a Forward P/E ratio of 30.09. DBX is currently a Zacks Rank #1 (Strong Buy). Within the past 30 days, our consensus EPS projection remained stagnant. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). This model considers these estimate changes and provides a simple, actionable rating system. Investors can capitalize on this by using the Zacks Rank. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.īased on our research, we believe these estimate revisions are directly related to near-team stock moves. Recent revisions tend to reflect the latest near-term business trends. Investors might also notice recent changes to analyst estimates for DBX. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $464.68 million, up 15.74% from the year-ago period.įor the full year, our Zacks Consensus Estimates are projecting earnings of $0.74 per share and revenue of $1.89 billion, which would represent changes of +48% and +13.68%, respectively, from the prior year. On that day, DBX is projected to report earnings of $0.17 per share, which would represent year-over-year growth of 70%. Heading into today, shares of the online file-sharing company had gained 2.3% over the past month, lagging the Computer and Technology sector's gain of 6.24% and the S&P 500's gain of 7.09% in that time.ĭBX will be looking to display strength as it nears its next earnings release, which is expected to be August 6, 2020. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 1.35%. This change outpaced the S&P 500's 1.24% gain on the day. In the latest trading session, Dropbox ( DBX Quick Quote DBX - Free Report) closed at $22.56, marking a +1.3% move from the previous day.

Dropbox stock projection