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

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) released its quarterly earnings data 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 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 9.96% and a net margin of 20.62%. The firm’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 EPS.

The Descartes Systems Group Stock Performance

NASDAQ:DSGX opened at $95.33 on Friday. The company has a fifty day moving average of $99.09 and a two-hundred day moving average of $94.97. The Descartes Systems Group has a fifty-two week low of $69.59 and a fifty-two week high of $104.71. The stock has a market capitalization of $8.14 billion, a PE ratio of 68.09 and a beta of 0.98.

Wall Street Analysts Forecast Growth

DSGX has been the topic of several analyst reports. Raymond James increased their price target on The Descartes Systems Group from $94.00 to $96.00 and gave the stock a “market perform” rating in a research report on Friday, May 31st. Stephens raised their target price on The Descartes Systems Group from $107.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, May 30th. TD Securities boosted their price target on The Descartes Systems Group from $110.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, May 30th. CIBC raised their price objective on shares of The Descartes Systems Group from $101.00 to $108.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th. Finally, Canaccord Genuity Group set a $108.00 target price on shares of The Descartes Systems Group and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, The Descartes Systems Group presently has an average rating of “Moderate Buy” and a consensus 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.