What To Expect From Logistics Business Solution Provider Descartes Q2 Earning Next Week?
Portfolio Pulse from Vandana Singh
The Descartes Systems Group Inc (NASDAQ:DSGX) is set to report Q2 FY24 earnings on September 6, 2023. Analysts from RBC Capital Markets expect Q2 to match consensus and anticipate that organic growth is stabilizing in the mid-single-digit range. They forecast Q2 revenue up 14% Y/Y to $141 million and an adjusted EBITDA of $60 million. The analysts also predict organic growth to slow from 7.0% Q1 to 5.5% Q2, stabilizing at 5.0-5.5% going forward. RBC maintains an Outperform rating with a price target of $95.
September 01, 2023 | 5:56 pm
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Descartes Systems Group is expected to report Q2 earnings that match consensus, with stabilizing organic growth. RBC maintains an Outperform rating with a price target of $95.
The news directly pertains to Descartes Systems Group's upcoming Q2 earnings report. The analysts' positive outlook, with expectations of stable organic growth and an Outperform rating, could potentially boost investor confidence and positively impact the stock price in the short term.
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