The latest trading session saw Dropbox (DBX) ending at $24.82, denoting a -0.44% adjustment from its last day's close. The stock's performance was behind the S&P 500's daily loss of 0.19%. On the other hand, the Dow registered a loss of 0.7%, and the technology-centric Nasdaq increased by 0.04%.

The online file-sharing company's stock has climbed by 2% in the past month, exceeding the Computer and Technology sector's gain of 0.73% and the S&P 500's gain of 1.95%.

The investment community will be closely monitoring the performance of Dropbox in its forthcoming earnings report. On that day, Dropbox is projected to report earnings of $0.52 per share, which would represent a year-over-year decline of 7.14%. Simultaneously, our latest consensus estimate expects the revenue to be $636.93 million, showing a 0.62% escalation compared to the year-ago quarter.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.22 per share and a revenue of $2.54 billion, signifying shifts of +12.12% and +1.73%, respectively, from the last year.

Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Dropbox. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Dropbox boasts a Zacks Rank of #3 (Hold).

In the context of valuation, Dropbox is at present trading with a Forward P/E ratio of 11.23. This signifies a discount in comparison to the average Forward P/E of 30.63 for its industry.

We can additionally observe that DBX currently boasts a PEG ratio of 0.92. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Internet - Services industry held an average PEG ratio of 1.92.

The Internet - Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 134, which puts it in the bottom 48% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Dropbox, Inc. (DBX) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research