Descartes Systems Group Inc reports results for the quarter ended October 31 - Earnings Summary

Descartes Systems group

03/12/2024 22:56

* Descartes Systems Group Inc  DSG.TO  reported quarterly
adjusted
earnings of 42 cents​​ per share for the quarter ended October
31, higher than the same quarter last year, when the company
reported EPS of 31 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 40 cents per
share. Wall Street expected results to range from 36 cents to 45
cents per share.
    * Revenue rose 16.6% to $168.76 million from a year ago;
analysts
expected $163.65 million. 
    * Descartes Systems Group Inc's reported EPS for the quarter
was
42 cents​.
    * The company reported quarterly net income of $36.56
million.
    * Descartes Systems Group Inc shares had risen by 17.0% this
quarter and gained 46.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 7.8%
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 5 "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 $102.36 
This summary was machine generated from LSEG data December 3 at
10:55 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
 Oct. 31 2024      0.40           0.42           Beat
 Jul. 31 2024      0.40           0.40           Met
 Apr. 30 2024      0.39           0.40           Beat
 Jan. 31 2024      0.37           0.37           Met