Descartes Systems Group Inc (TSE:DSG) (NASDAQ:DSGX) – Research analysts at William Blair dropped their Q2 2019 earnings estimates for shares of Descartes Systems Group in a research report issued on Thursday, May 31st, according to Zacks Investment Research. William Blair analyst M. Pfau now anticipates that the company will post earnings of $0.12 per share for the quarter, down from their prior estimate of $0.14. William Blair also issued estimates for Descartes Systems Group’s Q3 2019 earnings at $0.13 EPS, Q4 2019 earnings at $0.14 EPS, FY2019 earnings at $0.52 EPS, Q2 2020 earnings at $0.16 EPS, Q3 2020 earnings at $0.16 EPS, Q4 2020 earnings at $0.17 EPS, FY2020 earnings at $0.64 EPS and FY2021 earnings at $0.75 EPS.
Descartes Systems Group (TSE:DSG) (NASDAQ:DSGX) last announced its quarterly earnings results on Wednesday, May 30th. The company reported C$0.11 EPS for the quarter, missing analysts’ consensus estimates of C$0.14 by C($0.03). Descartes Systems Group had a return on equity of 5.28% and a net margin of 9.95%. The business had revenue of C$84.72 million during the quarter, compared to analysts’ expectations of C$84.06 million.
Separately, Barclays raised their price target on Descartes Systems Group from C$42.00 to C$43.00 in a research note on Tuesday, March 6th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$35.86.
DSG stock traded up C$0.10 on Friday, reaching C$42.00. The company’s stock had a trading volume of 170,600 shares, compared to its average volume of 131,914. Descartes Systems Group has a 12-month low of C$30.29 and a 12-month high of C$42.50.
About Descartes Systems Group
The Descartes Systems Group Inc provides federated network and logistics technology solutions worldwide. Its Logistics Application Suite offers a range of modular, cloud-based, and interoperable Web and wireless logistics management applications. The company's Logistics Application Suite offers solutions, such as route planning and execution, mobile applications, and telematics and compliance; transportation management solutions comprising carrier compliance and rate management, freight audit and settlement, dock scheduling and yard management, pool distribution, transportation planning and execution, and logistics flow control, as well as visibility, tracking, and performance management; and global logistics network services, such as document management, community, and connectivity services.
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