Descartes Systems Group Inc expected to post earnings of 39 cents a share - Earnings Preview

Descartes Systems group

27/05/2024 21:02

* Descartes Systems Group Inc  DSG.TO   is expected to show
a rise
in quarterly revenue when it reports  results on May 29 for the
period ending April 30 2024
    * The Waterloo Ontario-based  company is expected to report
a
10.9% increase in revenue to $151.522 million from $136.61
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Descartes Systems Group
Inc is
for earnings of 39 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had risen by
about 3.2%
in the last three months. ​
    * Wall Street's median 12-month price target for Descartes
Systems
Group Inc is C$130.20​, below​ its last closing price
of C$136.84. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 31 2024  0.36        0.37       0.37      Met     1
 Jan. 1 2024   0.34        0.34       0.31      Missed  -8.8
 Jul. 31 2023  0.34        0.33       0.32      Missed  -4.1​
 Apr. 30 2023  0.34        0.33       0.34      Beat    1.9
 ​​Jan.        0.30        0.29       0.34      Beat    15.9
 31 2023                                                
 Jan. 1 0001   0.27        0.27       0.31      Beat    13.4​
 Jan. 1 0001   0.27        0.27       0.27      Met     -0.5
 Jan. 1 0001   0.26        0.26       0.27      Beat    5.6
 This summary was machine generated May 27 at 20:02 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)