After the close today, DocuSign (DOCU) is scheduled to report third-quarter earnings.  Below is a snapshot of DOCU from our popular Earnings Explorer tool, which allows users to pull up historical earnings results for nearly all publicly traded US companies.  Over the past couple of years, this stock has been stellar on earnings.  DOCU has yet to miss estimates on top-line sales and has only missed EPS once (its Q3 report last year).  As for forward projections, the company has actually raised guidance on every single one of its eight quarterly reports as a public company.  That means that DOCU has reported a triple play (beat EPS, beat revenues, raised guidance) in seven of the eight reports on record.

Despite consistently making the list of earnings triple plays, stock price reactions for DOCU have been a coin-flip.  On its eight historical earnings reports, the stock has only risen on its earnings reaction day 50% of the time.

Based on its earnings history, it is a 50/50 chance that the stock will react positively to results tonight, but headed into earnings, the chart of DOCU is much less extended than it was just a few days ago. In the past week, DOCU surged to new highs that briefly brought it out of the past several months’ uptrend channel. In the past two sessions, though, it has pulled back to the middle/lower end of this channel.  This pullback at least gives the stock some breathing room when it reports after the close.  You can gain access to Bespoke’s Earnings Explorer with a Bespoke Institutional membershipClick here to start a two-week free trial today!

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