Recap: Descartes Systems Gr Q3 Earnings

Shares of Descartes Systems Gr DSGX rose 1.66% after the company reported Q3 results.

Quarterly Results

Earnings per share were up 36.36% year over year to $0.15, which beat the estimate of $0.14.

Revenue of $87,508,000 higher by 5.40% from the same period last year, which beat the estimate of $85,980,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Descartes Systems Gr hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Dec 02, 2020

Time: 05:00 PM

ET Webcast URL: https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=DB47936B-43D3-4A10-8B8E-BF51EC5FE980&LangLocaleID=1033

Technicals

Company's 52-week high was at $63.11

Company's 52-week low was at $24.35

Price action over last quarter: Up 4.68%

Company Profile

The Descartes Systems Group provides a software solution that allows users in the shipping industry to communicate with one another. The core product is the Global Logistics Network, which is best understood as transaction driven. Descartes charges clients to send/receive messages, data, and documents on the GLN (the transactions). Customers typically contract for a monthly minimum over a multiyear period. The GLN platform allows for Descartes to upsell additional software modules as well, typically provided via a software-as-a-service model.