Dropbox shares closed up 1.46% at $35.56, outpacing the S&P 500's 0.86% gain, though the stock has lost 2.45% over the past month. Ahead of its upcoming earnings disclosure, Dropbox is projected to report earnings of $0.73 per share, a year-over-year decline of 1.35%, on revenue of $628.6 million, down 0.92% from the same quarter last year. For the full year, the Zacks Consensus Estimates project earnings of $3.04 per share and revenue of $2.52 billion, representing changes of +7.04% and -0.1%, respectively, from the prior year. Over the past month, the Zacks Consensus EPS estimate has risen 0.43%, and Dropbox currently holds a Zacks Rank of #5 (Strong Sell). The stock trades at a Forward P/E ratio of 11.52, a discount to its industry average of 15.96, with a PEG ratio of 3.28 versus the Internet - Services industry average of 1.48.
Dropbox IncEarnings preview projects a year-over-year EPS decline and revenue drop, with a Zacks Rank of #5 (Strong Sell).
