Dropbox (DBX) Outpaces Stock Market Gains: What You Should Know

Dropbox (DBX) Outpaces Stock Market Gains: What You Should Know
This story originally appeared on Zacks

Dropbox (DBX) closed at $24.98 in the latest trading session, marking a +0.64% move from the prior day. The stock outpaced the S&P 500’s daily gain of 0.62%. Elsewhere, the Dow gained 0.55%, while the tech-heavy Nasdaq lost 0.03%.

Dropbox (DBX) Outpaces Stock Market Gains: What You Should Know – Zacks

Coming into today, shares of the online file-sharing company had gained 1.83% in the past month. In that same time, the Computer and Technology sector gained 0.29%, while the S&P 500 gained 0.87%.

Dropbox will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.37, up 32.14% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $557.66 million, up 10.62% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $1.49 per share…

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