Shares of Dropbox (DBX) closed at $22.34 in the last trading session, up +1.68% from the previous day. The stock lagged the S&P 500’s daily gain by 1.75%. Elsewhere, the Dow was up 1.05% and the technology Nasdaq added 7.84%.

Prior to today’s trading, the Internet file-sharing company’s stock had lost 6.75% over the past month. That was less than the computer and technology sector’s 7.05% loss and behind the S&P 500’s 4.4% loss during that time.

Investors will be hoping for the strength of Dropbox as we approach the next earnings release. Dropbox is projected to post $0.39 earnings per share on that day, a 4.88% year-over-year decline. Our latest consensus forecast puts quarterly revenue at $593.8 million, up 5% from last year.

Looking at the full year, according to our consensus forecasts, analysts expect earnings of $1.57 per share and revenue of $2.32 billion. These numbers would change from last year by +1.95% and +7.51%, respectively.

Any recent changes in analyst estimates for Dropbox should also be taken into account by investors. Recent revisions tend to reflect recent near-term trends in the business. Positive valuation revisions reflect analysts’ optimism about the company’s business and profitability.

Based on our research, we believe these valuation revisions are directly related to near-term stock movements.