The Descartes Systems Group (DSGX) Set to Announce Quarterly Earnings on Tuesday

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG will post its quarterly earnings results after the market closes on Tuesday, December 3rd. Analysts expect The Descartes Systems Group to post earnings of $0.44 per share for the quarter. Investors that wish to register for the company's conference call can do so using this link.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.03). The Descartes Systems Group had a return on equity of 10.21% and a net margin of 21.02%. The company had revenue of $163.43 million for the quarter, compared to analysts' expectations of $160.17 million. During the same quarter last year, the company earned $0.32 EPS. The Descartes Systems Group's revenue for the quarter was up 14.0% compared to the same quarter last year. On average, analysts expect The Descartes Systems Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

The Descartes Systems Group Stock Performance

Shares of NASDAQ:DSGX traded down $0.09 during trading hours on Tuesday, reaching $117.16. The stock had a trading volume of 139,645 shares, compared to its average volume of 154,300. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 78.96 and a beta of 0.97. The firm's 50 day moving average is $106.96 and its 200-day moving average is $100.87. The Descartes Systems Group has a 1 year low of $79.21 and a 1 year high of $117.95.

Analysts Set New Price Targets

Several research firms have issued reports on DSGX. Royal Bank of Canada restated an "outperform" rating and issued a $115.00 price objective on shares of The Descartes Systems Group in a research note on Thursday, September 5th. National Bankshares set a $125.00 target price on The Descartes Systems Group and gave the stock an "outperform" rating in a research report on Thursday, September 26th. Canaccord Genuity Group set a $108.00 price objective on The Descartes Systems Group and gave the stock a "buy" rating in a research report on Thursday, September 5th. National Bank Financial upgraded shares of The Descartes Systems Group to a "strong-buy" rating in a research note on Wednesday, September 25th. Finally, Scotiabank upped their price target on The Descartes Systems Group from $104.00 to $120.00 and gave the stock a "sector outperform" rating in a report on Thursday, October 24th. Four analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $109.25.

About The Descartes Systems Group

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.