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

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) is scheduled to be releasing its earnings data after the market closes on Tuesday, December 3rd. Analysts expect The Descartes Systems Group to post earnings of $0.44 per share for the quarter. Parties that are interested in registering for 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 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The firm had revenue of $163.43 million during the quarter, compared to analysts’ expectations 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 was up 14.0% on a year-over-year basis. During the same period last year, the business earned $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 Stock Performance

Shares of NASDAQ:DSGX opened at $116.87 on Friday. The firm has a 50 day simple moving average of $108.20 and a 200 day simple moving average of $101.40. The Descartes Systems Group has a 52 week low of $79.21 and a 52 week high of $118.49. The company has a market cap of $9.99 billion, a PE ratio of 78.97 and a beta of 0.97.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. BMO Capital Markets increased their target price 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. National Bankshares set a $125.00 price objective on The Descartes Systems Group and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Royal Bank of Canada lifted their target price on The Descartes Systems Group from $115.00 to $133.00 and gave the company an “outperform” rating in a research note on Friday. National Bank Financial upgraded The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. Finally, Scotiabank raised their price target 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 investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.