Descartes Systems Group Inc <DSG.TO>: Profits of 27 cents per share anticipated for fourth quarter

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5 December 2022 09:08 p.m. All figures in US dollars. Descartes Systems Group Inc is expected to show a decrease in its fourth quarter earnings to 27 cents​ per share according to the mean Refinitiv estimate from nine analysts. Wall Street expects results to range from 23 cents to ​29 cents per share. RECOMMENDATIONS * The consensus recommendation for the company is "Buy". This includes two "Buy", one "Hold". * The average consensus recommendation for the software peer group is also "Buy". FORECAST CHANGES * Ten analysts are currently providing Refinitiv with estimates. * In the last week there have been no earnings estimate revisions by analysts covering the company. There were no changes to the number of estimates. * In the last four weeks the earnings per share estimate is unchanged from 27 cents. Estimates ranged from a high of 29 cents to a low of 23 cents. There has been no changes to the number of estimates. * The StarMine predicted earnings surprise is too low to be considered statistically significant. Predicted revenue surprise is too low to be significant. * The average price target from the ten analysts providing estimates is $96. YEAR OVER YEAR * The company is expected to report a rise in revenue to $122.48 million from $108.91 million in the same quarter last year. * The current quarter consensus estimate of 27 cents per share implies a loss of 8.89 percent from the same quarter last year when the company reported 30 cents per share. * Previous quarterly performance (using preferred earnings measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Jul. 31 2022 0.27 0.27 Met Apr. 30 2022 0.26 0.27 Beat Jan. 31 2022 0.24 0.22 Missed Oct. 31 2021 0.28 0.30 Beat This summary was machine generated from Refinitiv data December 5 at 09:08 p.m..



 


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