The Descartes Systems Group (DSGX) Expected to Announce Quarterly Earnings on Wednesday

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) is expected to issue its quarterly earnings data after the market closes on Wednesday, March 5th. Analysts expect the company to announce earnings of $0.43 per share and revenue of $169.97 million 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 issued its earnings results on Tuesday, December 3rd. The technology company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. During the same period in the prior year, the business earned $0.31 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

DSGX stock opened at $110.06 on Tuesday. The company has a market capitalization of $9.42 billion, a P/E ratio of 69.22 and a beta of 0.99. The Descartes Systems Group has a 52-week low of $84.83 and a 52-week high of $124.31. The business has a 50-day simple moving average of $115.16 and a two-hundred day simple moving average of $110.03.

Analyst Ratings Changes

DSGX has been the subject of a number of analyst reports. BMO Capital Markets lifted their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com downgraded The Descartes Systems Group from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Stephens upgraded The Descartes Systems Group to a “strong-buy” rating in a research note on Saturday, February 1st. Scotiabank lifted their price target on The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a research note on Wednesday, December 4th. Finally, Loop Capital initiated coverage on The Descartes Systems Group in a research note on Tuesday, December 17th. They issued a “buy” rating and a $140.00 target price on the stock. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $117.92.

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.