Descartes Systems Group Inc (NASDAQ:DSGX) posted upbeat results for the fourth quarter on Wednesday.
The company posted quarterly earnings of 52 cents per share, beating market estimates of 48 cents per share. The company’s sales came in at $192.800 million versus estimates of $188.524 million.
“Our business performed ahead of our plans for both the fourth quarter and full fiscal year,” said Edward J. Ryan, Descartes’ CEO. “Our customers continue to face tariff uncertainty, both in the future tariff landscape and the potential recovery of some previously-paid tariffs. A rapidly changing geopolitical landscape also continues to impact shipping and supply chains. These conditions and uncertainty contribute to forecasting, pricing, planning and execution challenges for shippers, carriers and logistics services providers alike. Descartes’ Global Logistics Network continues to be the supply chain community’s critical source of timely, accurate and reliable data and solutions to fuel AI and decision making in these complex market conditions.”
Descartes Systems shares gained 5.6% to trade at $73.02 on Thursday.
These analysts made changes to their price targets on Descartes Systems following earnings announcement.
- Barclays analyst Raimo Lenschow maintained Descartes Systems with an Overweight rating and lowered the price target from $90 to $89.
- BMO Capital analyst Thanos Moschopoulos maintained the stock with a Market Perform and cut the price target from $95 to $82.
Considering buying DSGX stock? Here’s what analysts think:
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