What to Expect When Dropbox Reports After the Close

By Chris Lange Updated Jan 11, 7:37PM EST · Published Aug 9, 12:05PM EDT

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Dropbox Inc. (NASDAQ: DBX) is scheduled to release its second-quarter financial results after the markets close on Thursday. The consensus estimates from Thomson Reuters calling for $0.07 in earnings per share (EPS) and $330.9 million in revenue. Note that this is the second time that Dropbox will have reported since becoming a public company.

In its previous quarter, the company beat on both the top and bottom lines, but this was not enough for investors. At the time, guidance was favorable compared to estimates as well.

For this quarter, Dropbox previously said that it expects to see revenues in the range of $328 million to $331 million.

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Drew Houston, Dropbox co-founder and CEO, commented in the prior report:

2018 has already been a banner year for Dropbox, and we’re proud of our strong first quarter as a public company. … We continued to add value to our platform with new product features, and enhanced our ecosystem through partnerships with Salesforce and Google.

Excluding Thursday’s move, Dropbox had outperformed the broad markets, with its stock up about 11% in the past 52 weeks. However, in just the past quarter alone the stock was only up less than 1%.

A few analysts weighed in on Dropbox ahead of the report:

Jefferies has a Buy rating with a $31 price target.
Canaccord Genuity has a Buy rating with a $36 price target.
JPMorgan has an Overweight rating with a $35 price target.
JMP Securities has an Outperform rating with a $35 price target.
KeyCorp has an Overweight rating with a $40 price target.

Shares of Dropbox were last seen up about 6% at $33.45, with a consensus analyst price target of $34.15 and a 52-week trading range of $26.61 to $43.50.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.