Home Earnings What Will Duck Creek Technologies Inc. ’s earnings be like

What Will Duck Creek Technologies Inc. [DCT]’s earnings be like

Duck Creek Technologies Inc. [NASDAQ:DCT] will report earnings after markets close on Thursday, January 7th.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

DCT Earnings Forecast For The Current Quarter

Duck Creek Technologies Inc. [DCT] is expected to report earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $55.6M and an earnings per share of -$0.01 for Nov 2020. Looking further ahead, the company is expected to report revenue of $58.73M at an EPS of -$0.02 for Feb 2021. The estimates represent 17.50% and 66.70% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.


The 2021 Backdoor Crypto Portfolio (free)

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


DCT Earnings Estimates For The Current Year

For the financial year, Duck Creek Technologies Inc. [NASDAQ:DCT] is expected to bring in revenue of $246.91M. The returns are nearly $35.24 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at -0.03, lower than that of FY20 by -$0.09. Estimates put this year’s earnings growth at -150.00%, 66.70% for the next. As for sales, forecasts are for an increase of 16.60% in the current fiscal year and a further 17.50% over the following year.

DCT Price Performance

On Wall Street, Duck Creek Technologies Inc. [NASDAQ:DCT] finished Tuesday’s session up 1.62% at $42.15. The stock went up to $42.34 at the same session while its lowest single day price was $40.30. In the last five days, it saw a fall of about -4.10%, Duck Creek Technologies Inc. shares dropped by almost -2.66% since the beginning of the year. However, the share price has dropped to as low as -12.19% below its one year high.

DCT Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 40.85 level, and in case of violation of this particular level, it will cause more drop to 39.56 level. On the upper level, 43.64 is still the key resistance. The stock may increase to the subsequent resistance at 42.89. The Relative Strength Index (RSI) pinned on the 14-day chart is 49.70, implying a neutral technical stance while the MACD stands at -0.80, meaning price will decrease in the next trading period. Percent R indicator moved to 66.15%, implying low price movement. Stochastic %K at 41.85% suggest holding the stock.

What is the short interest in Duck Creek Technologies Inc.?

Short interest in the Duck Creek Technologies Inc. stock has surged, increasing by 1.59 million shares to total 2.64 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 4.23 million, data from Yahoo Finance shows. The decrease of -60.23% suggests the stock saw some decreased bullish sentiment. The stock’s days to cover moved to a short ratio while the shorted shares account for just 4.95% of the overall float for the stock.

Duck Creek Technologies Inc.’s Biggest Shareholders: Who Owns Duck Creek Technologies Inc. [DCT]?

Filings by Kayne Anderson Rudnick Investment showed that the firm now holds a total of 9,488,147 shares or roughly 7.25% of the outstanding DCT shares. This means their shares have reduced by -1,960,797 from the 9,488,147 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Temasek Holdings Pte Ltd. updated stake is worth $208,400,092. The JPMorgan Investment Management, I’s holdings currently number 1,345,192 shares at $56699842.8. According to the firm’s last 13F report, Citadel Advisors LLC shares in the company at filing stood at 1,184,666 shares, roughly $47,102,320.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

What are analyst thoughts on Duck Creek Technologies Inc.?

Looking forward to the Duck Creek Technologies Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Duck Creek Technologies Inc. stock at $50.00 within the next 12 months, which represents almost 15.7 per cent growth from its previous closing price of $42.15. The highest analysts’ target for Duck Creek Technologies Inc. stock projections is $55.00 and the lowest one is $46.00. Still, 11 analysts sharing their consensus rating for DCT stock in 2021 agree that it is an Overweight.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Sino-Global Shipping (SINO) Is Rising Today: Thanks To A Step Forward In Digital Currency

The provider of shipping and freight logistics integrated solutions Sino-Global Shipping America Ltd. (NASDAQ: SINO) has been experiencing an 11.48% rise in its stock...

Why Genesis Healthcare (GEN) Stock Leapt 14% After-Hours? Here Is An Explanation

Shares of medical care facilities provider Genesis Healthcare, Inc. (NYSE: GEN) rose by 14.07% in after-hours trading on Tuesday following indirectly related news of...

Why Maravai LifeSciences (MRVI) Shares Are Up 20% After-Hour

The stock of global provider of life science reagents and services Maravai LifeSciences Holdings, Inc. (Maravai) (NASDAQ: MRVI) surged by 19.94% in trading after...

Iridex Corporation (IRIX) Shares Rose 26.27% After-Hour, Thanks To A Strategic Alliance

Iridex Corporation (NASDAQ: IRIX) saw its shares’ price climbing 26.27% in after-hours trading on Tuesday following news of a strategic collaboration with a Japanese...

Inpixon (INPX) Building its Reputation in the market

Inpixon recently got a huge amount of recognition from various firms. INPX company was commended by Gartner and by IoT Sensor company. These recognitions resulted in an overall good impression of the company. This news gave a huge boost to the company and as a result, the company will be looking forward to attracting more investors.

How Come Ovid Therapeutics Is On The Rise Today?

Price of the biopharmaceutical company Ovid Therapeutics Inc. (NASDAQ: OVID) is on an uptick in early trades today. The stock was at a rise...

Moonpay Integrates NEM (XEM) into its global payment solution

NEM is part of the biggest exchange trading competition. NEM (XEM) has established itself as a renowned crypto asset in the market over the years....

Why The KemPharm (KMPH) Stock Has Been Rising More Than 50% In Early Trades?

The specialty pharmaceutical company KemPharm, Inc. (NASDAQ: KMPH) has been seeing its shares skyrocketing in early trades today. As of 10:46 a.m. EST, the...

Related News

After-Hour Trades: Why Did GTY Technology (GTYH) Stock Drop?

Shares of software as a service (SaaS) provider company GTY Technology Holdings Inc. (GTYH) dropped 9.67% after the ring of the bell on Tuesday. Get...

What’s Not To Like About Virtualarmour (VTLR) Stock?

VirtualArmour International Inc.’s (OTC-VTLR) stock dropped below its previous closing price as a result of a slide of -2.60% to close Friday trading at...

The latest Earnings results from the Acasti Pharma Inc. (ACST) show promising potential

Acasti Pharma Inc. (NASDAQ: ACST) stock closed up 22.45% to $1.2000 on February 11, 2021. As of the start of the latest trading session,...

Will Li Auto Inc. (LI) Pop Or Drop After Earnings?

On the 08th of February, shares of Li Auto Inc (Nasdaq: LI) were trading at -0.13% and reached as high as $30.53. As of...

Ally Financial Inc. [ALLY] Earnings Report Preview Dec 2020

Ally Financial Inc. will report earnings after markets close on Friday, January 22nd. Get the hottest stocks to trade every day before the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.