Fiscal second-quarter revenue is forecast at $627.23 million, up 0.8% sequentially and by 15.0% year over year. Adjusted EPS are forecast at $0.42, down 3.5% sequentially and 27.6% lower year over year. For the full 2023 fiscal year ending in January, DocuSign is expected to post EPS of $1.66, down 16%, on sales of $2.48 billion, up 17.6%.
DocuSign trades at 25.1 times expected 2023 EPS, 22.2 times estimated 2024 earnings of $1.88 and 19.1 times estimated 2025 earnings of $2.19 per share. The stock’s 52-week range is $39.57 to $163.77. The company does not pay a dividend, and the total shareholder return for the past year is negative 69.8%.
Manchester United
English Premier League football (soccer) club Manchester United PLC (NYSE: MANU) has posted a share price gain of more than 54% over the past 12 months. The stock had been traded down by about 10% until late last month when the majority owner Glazer family indicated that the club might be sold.
Potential buyers include Sir Jim Ratcliffe, founder, board chair and CEO of chemical giant Ineos; Saudi Arabia’s Public Investment Fund; and Apple. The Glazers acquired the club in 2005 for £790 million (about $965 million in current dollars). A buyer would likely pay £4.0 to £4.5 billion and possibly more. According to a rating of sports franchises, the team is valued at $4.6 billion, tied for 19th in a ranking of the world’s most valuable teams. It is the third-most valuable soccer team, trailing Real Madrid ($5.1 billion) and FC Barcelona ($5 billion).
Only three analysts cover the stock, and two rate the shares at Buy while the other has a Hold rating. At a share price of around $22.10, the stock trades above its median price target of $17.37. At the high target of $24.78, the implied gain is about 12.1%.
Fiscal first-quarter revenue is forecast at $158.11 million, up 9.7% sequentially and by 25.0% year over year. The club is expected to post an adjusted loss of $0.12 per share, flat sequentially but worse than the prior-year loss of $0.08 per share. For the full year ending in June, Manchester United is expected to post a loss per share of $0.49, almost double the $0.25 loss in 2022, on revenue of $718.44 million, up 1.2% year over year.
The team is not expected to post a profit in 2023, 2024 or 2025. The enterprise value-to-sales multiples for 2023, 2024 and 2025 are 5.9, 5.4 and 5.1, respectively. The stock’s 52-week range is $10.41 to $23.35, and Manchester United pays an annual dividend of $0.18 per share (yield of 0.81%).
Originally published at 24/7 Wall St.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
