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. Investors interested in listening to 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 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The company had revenue of $163.43 million during the quarter, compared to analyst estimates of $160.17 million. The Descartes Systems Group had a net margin of 21.02% and a return on equity of 10.21%. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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 Up 1.0 %

Shares of NASDAQ:DSGX opened at $117.25 on Tuesday. The Descartes Systems Group has a 12-month low of $79.21 and a 12-month high of $117.95. The firm has a market capitalization of $10.02 billion, a P/E ratio of 79.34 and a beta of 0.97. The firm has a fifty day moving average of $106.61 and a two-hundred day moving average of $100.73.

Analysts Set New Price Targets

DSGX has been the topic of a number of recent research reports. Scotiabank boosted 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. StockNews.com raised The Descartes Systems Group from a “hold” rating to a “buy” rating in a research note on Friday, November 15th. Canaccord Genuity Group set a $108.00 price objective on shares of The Descartes Systems Group and gave the company a “buy” rating in a research report on Thursday, September 5th. National Bankshares set a $125.00 target price on shares of The Descartes Systems Group and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a report on Wednesday, September 25th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, The Descartes Systems Group presently has an average rating of “Moderate Buy” and a consensus target price of $109.25.

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.