Descartes Systems Group Inc (DSGX) Expected to Announce Earnings of $0.10 Per Share

Analysts expect Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) to post earnings of $0.10 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Descartes Systems Group’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.14. Descartes Systems Group reported earnings of $0.11 per share during the same quarter last year, which indicates a negative year over year growth rate of 9.1%. The firm is expected to issue its next quarterly earnings report on Wednesday, September 4th.

According to Zacks, analysts expect that Descartes Systems Group will report full year earnings of $0.41 per share for the current financial year, with EPS estimates ranging from $0.31 to $0.58. For the next fiscal year, analysts anticipate that the company will report earnings of $0.61 per share, with EPS estimates ranging from $0.56 to $0.68. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that cover Descartes Systems Group.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Wednesday, May 29th. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.05). Descartes Systems Group had a return on equity of 5.96% and a net margin of 11.05%. The company had revenue of $78.00 million during the quarter, compared to analyst estimates of $78.60 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The business’s revenue was up 16.4% compared to the same quarter last year.

Several brokerages recently weighed in on DSGX. Zacks Investment Research downgraded shares of Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. TD Securities upped their target price on shares of Descartes Systems Group from $45.00 to $46.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Raymond James upped their target price on shares of Descartes Systems Group from $33.00 to $36.00 and gave the stock a “market perform” rating in a research note on Thursday, May 30th. Royal Bank of Canada upped their target price on shares of Descartes Systems Group from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 28th. They noted that the move was a valuation call. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $43.00 target price on shares of Descartes Systems Group in a research note on Thursday, May 30th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. Descartes Systems Group presently has a consensus rating of “Buy” and an average price target of $43.33.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jarislowsky Fraser Ltd increased its position in shares of Descartes Systems Group by 3.0% in the 1st quarter. Jarislowsky Fraser Ltd now owns 4,214,856 shares of the technology company’s stock valued at $153,267,000 after purchasing an additional 123,580 shares during the last quarter. Mawer Investment Management Ltd. increased its position in shares of Descartes Systems Group by 7.7% in the 4th quarter. Mawer Investment Management Ltd. now owns 3,507,360 shares of the technology company’s stock valued at $93,155,000 after purchasing an additional 251,377 shares during the last quarter. Conestoga Capital Advisors LLC increased its position in shares of Descartes Systems Group by 0.6% in the 1st quarter. Conestoga Capital Advisors LLC now owns 3,449,473 shares of the technology company’s stock valued at $125,492,000 after purchasing an additional 20,782 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Descartes Systems Group by 3.4% in the 1st quarter. Janus Henderson Group PLC now owns 2,326,331 shares of the technology company’s stock valued at $84,611,000 after purchasing an additional 76,463 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Descartes Systems Group by 2.7% in the 1st quarter. Bank of Montreal Can now owns 1,980,986 shares of the technology company’s stock valued at $72,069,000 after purchasing an additional 52,840 shares during the last quarter. 80.46% of the stock is currently owned by hedge funds and other institutional investors.

Shares of DSGX opened at $36.63 on Monday. Descartes Systems Group has a fifty-two week low of $25.19 and a fifty-two week high of $41.60. The company has a market cap of $3.01 billion, a P/E ratio of 97.50 and a beta of 0.83. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.46.

About Descartes Systems Group

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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