Zacks: Analysts Expect Descartes Systems Group Inc (NASDAQ:DSGX) to Announce $0.13 Earnings Per Share

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Equities analysts predict that Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) will report $0.13 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Descartes Systems Group’s earnings, with the lowest EPS estimate coming in at $0.12 and the highest estimate coming in at $0.14. Descartes Systems Group reported earnings per share of $0.09 during the same quarter last year, which suggests a positive year-over-year growth rate of 44.4%. The business is scheduled to announce its next earnings results on Wednesday, June 3rd.

On average, analysts expect that Descartes Systems Group will report full-year earnings of $0.60 per share for the current fiscal year, with EPS estimates ranging from $0.56 to $0.62. For the next year, analysts forecast that the firm will report earnings of $0.68 per share, with EPS estimates ranging from $0.64 to $0.72. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that cover Descartes Systems Group.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, March 4th. The technology company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Descartes Systems Group had a net margin of 11.35% and a return on equity of 5.15%. The business had revenue of $84.20 million during the quarter, compared to analysts’ expectations of $84.27 million. During the same quarter in the previous year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis.

A number of brokerages have recently commented on DSGX. Zacks Investment Research downgraded shares of Descartes Systems Group from a “hold” rating to a “sell” rating in a report on Monday, March 2nd. Royal Bank of Canada boosted their target price on shares of Descartes Systems Group from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. ValuEngine cut shares of Descartes Systems Group from a “buy” rating to a “hold” rating in a research report on Tuesday, December 3rd. TD Securities boosted their target price on shares of Descartes Systems Group from $49.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Canaccord Genuity reissued a “buy” rating and set a $48.00 target price (up from $44.00) on shares of Descartes Systems Group in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. Descartes Systems Group presently has a consensus rating of “Hold” and an average target price of $44.36.

Descartes Systems Group stock traded up $0.50 during midday trading on Thursday, hitting $32.80. 22,787 shares of the company’s stock were exchanged, compared to its average volume of 225,919. Descartes Systems Group has a 12-month low of $24.35 and a 12-month high of $47.43. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 76.14 and a beta of 0.78. The firm’s 50 day simple moving average is $40.34 and its 200 day simple moving average is $41.38.

A number of hedge funds have recently made changes to their positions in DSGX. Quantbot Technologies LP acquired a new stake in shares of Descartes Systems Group in the fourth quarter valued at $68,000. UBS Group AG lifted its stake in Descartes Systems Group by 7,481.6% in the 4th quarter. UBS Group AG now owns 2,881 shares of the technology company’s stock valued at $123,000 after acquiring an additional 2,843 shares in the last quarter. We Are One Seven LLC bought a new stake in Descartes Systems Group in the 4th quarter valued at approximately $203,000. Exchange Traded Concepts LLC bought a new stake in Descartes Systems Group in the 4th quarter valued at approximately $215,000. Finally, Signition LP bought a new stake in Descartes Systems Group in the 4th quarter valued at approximately $222,000. Institutional investors own 79.71% of the company’s stock.

Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.

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Earnings History and Estimates for Descartes Systems Group (NASDAQ:DSGX)

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