The Descartes Systems Group (DSGX) Set to Announce Quarterly Earnings on Tuesday

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) is set to announce its earnings results after the market closes on Tuesday, December 3rd. Analysts expect the company to announce earnings of $0.44 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its earnings results on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.03). The business had revenue of $163.43 million for the quarter, compared to analysts’ expectations of $160.17 million. The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 earnings per share. On average, analysts expect The Descartes Systems Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

The Descartes Systems Group Trading Up 0.5 %

Shares of NASDAQ:DSGX opened at $116.87 on Monday. The firm has a market cap of $9.99 billion, a PE ratio of 78.97 and a beta of 0.97. The company has a fifty day simple moving average of $108.20 and a 200 day simple moving average of $101.42. The Descartes Systems Group has a 12-month low of $79.21 and a 12-month high of $118.49.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DSGX shares. National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. Canaccord Genuity Group set a $108.00 target price on The Descartes Systems Group and gave the stock a “buy” rating in a report on Thursday, September 5th. BMO Capital Markets boosted their price target on The Descartes Systems Group from $100.00 to $104.00 and gave the company a “market perform” rating in a report on Thursday, September 5th. Royal Bank of Canada upped their price target on The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Scotiabank lifted their price objective on shares of The Descartes Systems Group from $104.00 to $120.00 and gave the stock a “sector outperform” rating in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.75.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.