Analysts Estimate Report : What to Look Out for Descartes Systems Group (NASDAQ:DSGX)

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Earnings results for Descartes Systems Group (NASDAQ:DSGX)

The Descartes Systems Group Inc. is expected* to report earnings on 09/09/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 2 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.12. The reported EPS for the same quarter last year was $0.1.

Analyst Opinion on Descartes Systems Group (NASDAQ:DSGX)

8 Wall Street analysts have issued ratings and price targets for Descartes Systems Group in the last 12 months. Their average twelve-month price target is $50.38, predicting that the stock has a possible downside of 9.80%. The high price target for DSGX is $67.00 and the low price target for DSGX is $42.00. There are currently 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Descartes Systems Group has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 4 buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $50.38, Descartes Systems Group has a forecasted downside of 9.8% from its current price of $55.85. Descartes Systems Group has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Descartes Systems Group (NASDAQ:DSGX)

Descartes Systems Group does not currently pay a dividend. Descartes Systems Group does not have a long track record of dividend growth.

Insiders buying/selling: Descartes Systems Group (NASDAQ:DSGX)

In the past three months, Descartes Systems Group insiders have not sold or bought any company stock. Only 0.31% of the stock of Descartes Systems Group is held by insiders. 79.81% of the stock of Descartes Systems Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Descartes Systems Group (NASDAQ:DSGX

Earnings for Descartes Systems Group are expected to grow by 19.64% in the coming year, from $0.56 to $0.67 per share. The P/E ratio of Descartes Systems Group is 118.83, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.38. The P/E ratio of Descartes Systems Group is 118.83, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 60.24. Descartes Systems Group has a P/B Ratio of 5.72. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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