Descartes Systems Gr Q1 EPS $0.40 Beats $0.39 Estimate, Sales $151.30M Miss $151.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Descartes Systems Group (NASDAQ:DSGX) reported Q1 earnings per share of $0.40, beating the analyst estimate of $0.39. However, sales of $151.30 million slightly missed the estimate of $151.43 million. EPS increased by 17.65% year-over-year, while sales grew by 10.75%.
May 29, 2024 | 9:02 pm
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Descartes Systems Group reported Q1 EPS of $0.40, beating estimates, but sales slightly missed expectations. EPS increased by 17.65% year-over-year, and sales grew by 10.75%.
The positive EPS surprise and significant year-over-year growth in both EPS and sales are likely to have a positive short-term impact on DSGX's stock price, despite the slight miss in sales estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100