Analysts forecast that Descartes Systems Group Inc (NASDAQ:DSGX) (TSE:DSG) will report $0.15 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Descartes Systems Group’s earnings, with the highest EPS estimate coming in at $0.15 and the lowest estimate coming in at $0.14. Descartes Systems Group reported earnings per share of $0.09 during the same quarter last year, which suggests a positive year-over-year growth rate of 66.7%. The firm is scheduled to report its next quarterly earnings results after the market closes on Wednesday, May 29th.

On average, analysts expect that Descartes Systems Group will report full year earnings of $0.58 per share for the current financial year, with EPS estimates ranging from $0.48 to $0.65. For the next financial year, analysts forecast that the firm will post earnings of $0.74 per share, with EPS estimates ranging from $0.65 to $0.81. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Descartes Systems Group.

Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, March 6th. The technology company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). Descartes Systems Group had a net margin of 11.37% and a return on equity of 6.01%. The business had revenue of $71.00 million during the quarter, compared to analyst estimates of $71.15 million. During the same quarter last year, the business earned $0.09 earnings per share. Descartes Systems Group’s revenue for the quarter was up 11.6% on a year-over-year basis.

A number of analysts have recently issued reports on DSGX shares. TD Securities lifted their price objective on shares of Descartes Systems Group from $40.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Royal Bank of Canada increased their price target on Descartes Systems Group from $38.00 to $41.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Echelon Wealth Partners reissued a “buy” rating on shares of Descartes Systems Group in a research note on Monday, January 28th. BidaskClub raised Descartes Systems Group from a “hold” rating to a “buy” rating in a research note on Tuesday, January 22nd. Finally, Raymond James increased their price target on Descartes Systems Group from $31.00 to $33.00 and gave the company a “market perform” rating in a research note on Thursday, March 7th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Descartes Systems Group currently has an average rating of “Buy” and a consensus target price of $38.13.

A number of hedge funds have recently modified their holdings of DSGX. Jarislowsky Fraser Ltd raised its holdings in shares of Descartes Systems Group by 3.0% in the first quarter. Jarislowsky Fraser Ltd now owns 4,214,856 shares of the technology company’s stock worth $153,267,000 after buying an additional 123,580 shares during the period. Mawer Investment Management Ltd. raised its holdings in shares of Descartes Systems Group by 7.7% in the fourth quarter. Mawer Investment Management Ltd. now owns 3,507,360 shares of the technology company’s stock worth $93,155,000 after buying an additional 251,377 shares during the period. Conestoga Capital Advisors LLC raised its holdings in shares of Descartes Systems Group by 0.6% in the first quarter. Conestoga Capital Advisors LLC now owns 3,449,473 shares of the technology company’s stock worth $125,492,000 after buying an additional 20,782 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Descartes Systems Group by 3.4% in the first quarter. Janus Henderson Group PLC now owns 2,326,331 shares of the technology company’s stock worth $84,611,000 after buying an additional 76,463 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of Descartes Systems Group by 2.7% in the first quarter. Bank of Montreal Can now owns 1,980,986 shares of the technology company’s stock worth $72,069,000 after buying an additional 52,840 shares during the period. Institutional investors and hedge funds own 81.36% of the company’s stock.

Shares of NASDAQ DSGX traded down $0.29 during midday trading on Friday, reaching $40.54. The company’s stock had a trading volume of 8,239 shares, compared to its average volume of 105,979. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.05. Descartes Systems Group has a fifty-two week low of $25.19 and a fifty-two week high of $40.98. The company has a market capitalization of $3.15 billion, a PE ratio of 101.70 and a beta of 0.87.

About Descartes Systems Group

The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.

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Earnings History and Estimates for Descartes Systems Group (NASDAQ:DSGX)

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