William Blair Weighs in on The Descartes Systems Group Inc.’s Q3 2024 Earnings (NASDAQ:DSGX)

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) – Equities researchers at William Blair reduced their Q3 2024 earnings per share (EPS) estimates for shares of The Descartes Systems Group in a note issued to investors on Thursday, September 7th. William Blair analyst M. Pfau now expects that the technology company will earn $0.32 per share for the quarter, down from their prior estimate of $0.33. The consensus estimate for The Descartes Systems Group’s current full-year earnings is $1.32 per share. William Blair also issued estimates for The Descartes Systems Group’s Q4 2024 earnings at $0.34 EPS, FY2024 earnings at $1.33 EPS, Q2 2025 earnings at $0.43 EPS, Q3 2025 earnings at $0.43 EPS and Q4 2025 earnings at $0.44 EPS.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last released its quarterly earnings results on Wednesday, September 6th. The technology company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The company had revenue of $143.39 million during the quarter, compared to analyst estimates of $139.95 million. The Descartes Systems Group had a net margin of 21.60% and a return on equity of 10.40%. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 EPS.

Several other brokerages also recently commented on DSGX. Stephens lifted their price target on The Descartes Systems Group from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday. Barclays boosted their target price on shares of The Descartes Systems Group from $62.00 to $65.00 in a research report on Thursday, June 1st. TD Securities raised their price target on shares of The Descartes Systems Group from $90.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, June 1st. Scotiabank restated a “sector outperform” rating and set a $86.00 price objective on shares of The Descartes Systems Group in a report on Friday. Finally, SpectralCast reissued a “maintains” rating on shares of The Descartes Systems Group in a research report on Thursday, June 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $84.00.

The Descartes Systems Group Trading Up 0.5 %

NASDAQ DSGX traded up $0.35 during trading on Friday, reaching $75.02. The company’s stock had a trading volume of 8,684 shares, compared to its average volume of 128,496. The stock has a market capitalization of $6.38 billion, a PE ratio of 57.27 and a beta of 1.02. The Descartes Systems Group has a 1-year low of $61.26 and a 1-year high of $82.02. The business has a 50-day moving average price of $76.19 and a 200-day moving average price of $77.01.

Institutional Trading of The Descartes Systems Group

Several large investors have recently added to or reduced their stakes in DSGX. Alliancebernstein L.P. increased its holdings in The Descartes Systems Group by 34.9% during the 2nd quarter. Alliancebernstein L.P. now owns 194,985 shares of the technology company’s stock valued at $15,620,000 after purchasing an additional 50,441 shares in the last quarter. State of Tennessee Treasury Department bought a new position in shares of The Descartes Systems Group in the second quarter valued at about $2,486,000. Stephens Investment Management Group LLC lifted its position in The Descartes Systems Group by 4.1% during the 2nd quarter. Stephens Investment Management Group LLC now owns 253,216 shares of the technology company’s stock worth $20,285,000 after buying an additional 10,036 shares in the last quarter. Quadrature Capital Ltd grew its holdings in The Descartes Systems Group by 58.4% during the 2nd quarter. Quadrature Capital Ltd now owns 69,200 shares of the technology company’s stock worth $5,541,000 after acquiring an additional 25,500 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new stake in The Descartes Systems Group in the 2nd quarter valued at about $1,809,000. 76.73% of the stock is owned by institutional investors.

The Descartes Systems Group Company Profile

The Descartes Systems Group Inc provides cloud-based logistics and supply chain solutions worldwide. The company's 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; e-commerce shipping and fulfillment; customs and regulatory compliance; trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.