The Descartes Systems Group (DSGX) to Release Earnings on Tuesday

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) is scheduled 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 that are 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 quarterly earnings data on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The business had revenue of $163.43 million during the quarter, compared to analyst estimates of $160.17 million. The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 EPS. 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 Stock Performance

Shares of NASDAQ:DSGX opened at $116.87 on Friday. The company’s fifty day moving average is $108.20 and its two-hundred day moving average is $101.40. The Descartes Systems Group has a 1-year low of $79.21 and a 1-year high of $118.49. The stock has a market capitalization of $9.99 billion, a price-to-earnings ratio of 78.97 and a beta of 0.97.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DSGX shares. Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $88.00 to $125.00 in a research note on Friday, November 15th. National Bankshares set a $125.00 price target on The Descartes Systems Group and gave the stock an “outperform” rating in a research report on Thursday, September 26th. StockNews.com upgraded The Descartes Systems Group from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. Finally, Scotiabank raised their target price on The Descartes Systems Group from $104.00 to $120.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus 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.