$0.11 EPS Expected for Descartes Systems Group Inc (USA) (DSGX)

September 2, 2017 – By Adrian Mccoy

Wall Street await Descartes Systems Group Inc (USA) (NASDAQ:DSGX) to release earnings on September, 14. Analysts forecast EPS of $0.11, up exactly $0.03 or 37.50 % from 2014’s $0.08 EPS. The expected DSGX’s profit could reach $8.54 million giving the stock 64.43 P/E in the case that $0.11 earnings per share is reported. After posting $0.09 EPS for the previous quarter, Descartes Systems Group Inc (USA)’s analysts now forecast 22.22 % EPS growth. The stock increased 1.07% or $0.3 on September 1, reaching $28.35. About 122,424 shares traded or 51.84% up from the average. Descartes Systems Group Inc (USA) (NASDAQ:DSGX) has risen 29.29% since September 2, 2016 and is uptrending. It has outperformed by 12.59% the S&P500.

Descartes Systems Group Inc (USA) (NASDAQ:DSGX) Ratings Coverage

Among 7 analysts covering Descartes Systems Group (NASDAQ:DSGX), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Descartes Systems Group had 26 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Friday, September 11 by Barclays Capital. RBC Capital Markets maintained Descartes Systems Group Inc (USA) (NASDAQ:DSGX) rating on Friday, May 26. RBC Capital Markets has “Buy” rating and $2700 target. The firm earned “Overweight” rating on Friday, September 9 by Barclays Capital. The rating was maintained by BMO Capital Markets on Tuesday, August 15 with “Hold”. The stock of Descartes Systems Group Inc (USA) (NASDAQ:DSGX) has “Outperform” rating given on Friday, September 9 by RBC Capital Markets. The firm has “Outperform” rating by RBC Capital Markets given on Monday, November 30. On Friday, May 27 the stock rating was maintained by Barclays Capital with “Overweight”. TD Securities maintained the shares of DSGX in report on Monday, May 29 with “Buy” rating. The rating was upgraded by IBC to “Sector Outperform” on Wednesday, October 19. Canaccord Genuity maintained the stock with “Buy” rating in Friday, September 11 report.

Descartes Systems Group Inc is a Canada global well-known provider of federated network and global logistics technology solutions that help its clients make and receive shipments and manage related resources. The company has market cap of $2.20 billion. The Company’s network solutions, which primarily consist of services and software, connect people to their trading partners and enable business document exchange (bookings, bills of lading, status messages); regulatory compliance and customs filing; route and resource planning, execution and monitoring; access and leverage global trade and restricted party data; inventory and asset visibility; rate and transportation management, and warehouse operations. It has a 87.94 P/E ratio. The Company’s solutions include Logistics Technology Platform that fuses the Descartes Global Logistics Network (Descartes GLN); customs and regulatory compliance; routing, mobile and telematics; global logistics network services; transportation management, and broker and forwarder enterprise systems.

More notable recent Descartes Systems Group Inc (USA) (NASDAQ:DSGX) news were published by: Globenewswire.com which released: “InterPost Delivers Faster and More Affordably with Descartes e-Customs” on June 15, 2017, also Seekingalpha.com with their article: “Descartes Systems Group Acquires Datamyne For Global Trade Data” published on January 13, 2017, Globenewswire.com published: “JAS Forwarding (USA), Inc. Deploys Descartes for Advance Screening of Air Cargo” on March 13, 2017. More interesting news about Descartes Systems Group Inc (USA) (NASDAQ:DSGX) were released by: Seekingalpha.com and their article: “Descartes Systems Group Acquires ShipRush For Post-Sale Shipping Solutions” published on May 31, 2017 as well as Globenewswire.com‘s news article titled: “Descartes Acquires PCSTrac Business” with publication date: June 02, 2017.