The Descartes Systems Group (DSGX) Projected to Post Earnings on Wednesday

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) is expected to be announcing its earnings results 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. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings data on Tuesday, December 3rd. The technology company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The Descartes Systems Group had a return on equity of 10.65% and a net margin of 21.80%. During the same period in the prior year, the firm posted $0.31 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 Trading Up 1.1 %

Shares of NASDAQ DSGX opened at $111.49 on Monday. The firm has a market cap of $9.54 billion, a P/E ratio of 70.12 and a beta of 0.99. The business’s 50 day moving average is $115.16 and its 200-day moving average is $109.94. The Descartes Systems Group has a 1-year low of $84.83 and a 1-year high of $124.31.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Stephens raised The Descartes Systems Group to a “strong-buy” rating in a report on Saturday, February 1st. Barclays raised shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $88.00 to $125.00 in a research report on Friday, November 15th. Loop Capital initiated coverage on shares of The Descartes Systems Group in a report on Tuesday, December 17th. They issued a “buy” rating and a $140.00 price objective for the company. StockNews.com cut shares of The Descartes Systems Group from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, TD Securities boosted their price target on The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $117.92.

About The Descartes Systems Group

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.