The Descartes Systems Group (NASDAQ:DSGX) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) released its earnings results on Wednesday. The technology company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03), Briefing.com reports. The Descartes Systems Group had a net margin of 20.62% and a return on equity of 9.96%. The company had revenue of $163.43 million during the quarter, compared to the consensus estimate of $160.17 million. During the same period last year, the firm posted $0.32 EPS. The company’s revenue was up 14.0% on a year-over-year basis.

The Descartes Systems Group Price Performance

Shares of The Descartes Systems Group stock opened at $94.62 on Friday. The Descartes Systems Group has a 1 year low of $69.59 and a 1 year high of $104.71. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 67.59 and a beta of 0.98. The company has a 50-day moving average of $99.05 and a 200 day moving average of $95.03.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DSGX. Canaccord Genuity Group set a $108.00 price objective on The Descartes Systems Group and gave the company a “buy” rating in a research report on Thursday. CIBC raised their price target on shares of The Descartes Systems Group from $101.00 to $108.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Stephens upped their price objective on shares of The Descartes Systems Group from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, May 30th. Raymond James raised their target price on The Descartes Systems Group from $94.00 to $96.00 and gave the stock a “market perform” rating in a research note on Friday, May 31st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 price target on shares of The Descartes Systems Group in a research report on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.00.

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.