Descartes Systems Group Inc reports results for the quarter ended in April - Earnings Summary

Descartes Systems group

29/05/2024 22:37

* Descartes Systems Group Inc  DSG.TO  reported quarterly
adjusted
earnings of 40 cents​​ per share for the quarter ended in April,
higher than the same quarter last year, when the company
reported EPS of 34 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 39 cents per share. Wall
Street expected results to range from 36 cents to 42 cents per
share.
    * Revenue rose 10.8% to $151.35 million from a year ago;
analysts
expected $151.52 million. 
    * Descartes Systems Group Inc's reported EPS for the quarter
was
40 cents​.
    * The company reported quarterly net income of $34.67
million.
    * Descartes Systems Group Inc shares had risen by 9.2% this
quarter and gained 21.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.1%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the software peer
group
is also "buy"

Wall Street's median 12-month price target for Descartes Systems
Group Inc is C$130.20 
This summary was machine generated from LSEG data May 29 at
09:37 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2024      0.39           0.40           Beat
 Jan. 31 2024      0.37           0.37           Met
 Oct. 31 2023      0.34           0.31           Missed
 Jul. 31 2023      0.33           0.32           Missed