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

Descartes Systems group

07/03/2024 24:01

* Descartes Systems Group Inc  DSG.TO  reported quarterly
adjusted
earnings of 37 cents​​ per share for the quarter ended in
January, 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 37 cents per
share. Wall Street expected results to range from 30 cents to 42
cents per share.
    * Revenue rose 18.4% to $148.20 million from a year ago;
analysts
expected $143.94 million. 
    * Descartes Systems Group Inc's reported EPS for the quarter
was
37 cents​.
    * The company reported quarterly net income of $31.8
million.
    * Descartes Systems Group Inc shares had risen by 3.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the software peer
group
is also "buy"

This summary was machine generated from LSEG data March 7 at
12:01 a.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
 Jan. 31 2024      0.37           0.37           Met
 Oct. 31 2023      0.34           0.31           Missed
 Jul. 31 2023      0.33           0.32           Missed
 Apr. 30 2023      0.33           0.34           Beat