Headlines about The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) have trended positive on Tuesday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Descartes Systems Group earned a news impact score of 0.38 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.8703982627112 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Accern’s scoring:
- William Blair Equities Analysts Boost Earnings Estimates for The Descartes Systems Group Inc. (DSGX) (americanbankingnews.com)
- FY2018 EPS Estimates for The Descartes Systems Group Inc. (DSGX) Reduced by William Blair (americanbankingnews.com)
- Descartes Systems Group (DSGX) Misses Q3 EPS by 2c, Revenue Beats (streetinsider.com)
- The Descartes Systems Group’s (DSGX) CEO Ed Ryan on Q3 2018 Results – Earnings Call Transcript (msn.com)
- The Descartes Systems Group, Inc. breached its 50 day moving average in a Bearish Manner : DSGX-US : December 1, 2017 (finance.yahoo.com)
A number of research analysts have recently issued reports on the company. Barclays increased their target price on The Descartes Systems Group from $32.00 to $33.00 and gave the company an “overweight” rating in a research report on Thursday, November 30th. BMO Capital Markets reiterated a “hold” rating and set a $31.00 target price on shares of The Descartes Systems Group in a research report on Wednesday, November 29th. Raymond James Financial lowered The Descartes Systems Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 30th. Zacks Investment Research upgraded The Descartes Systems Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 22nd. Finally, Royal Bank Of Canada increased their target price on The Descartes Systems Group from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.39.
The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last posted its quarterly earnings data on Wednesday, November 29th. The technology company reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.02). The Descartes Systems Group had a net margin of 11.61% and a return on equity of 5.83%. The firm had revenue of $62.00 million during the quarter, compared to analyst estimates of $60.01 million. The Descartes Systems Group’s quarterly revenue was up 20.4% on a year-over-year basis. equities analysts predict that The Descartes Systems Group will post 0.38 earnings per share for the current year.
COPYRIGHT VIOLATION WARNING: “Positive News Coverage Somewhat Unlikely to Affect The Descartes Systems Group (DSGX) Share Price” was first posted by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://www.chaffeybreeze.com/2017/12/05/positive-news-coverage-somewhat-unlikely-to-affect-the-descartes-systems-group-dsgx-share-price.html.
About The Descartes Systems Group
Descartes Systems Group Inc (Descartes) is a Canada-based global provider of federated network and global logistics technology solutions that help its customers make and receive shipments and manage related resources. Its network-based 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.
Receive News & Ratings for The Descartes Systems Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Descartes Systems Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.