For its first fiscal quarter (ending April 30), Descartes Systems Group Inc (NASDAQ: DSGX) has reported E.P.S. of $0.41 compared to $0.35 a year ago. For the latest four quarters through April 30, E.P.S. were $1.42 versus $1.28 for the same period a year ago.
Recent Price Action
Descartes Systems Group Inc (NASDAQ: DSGX) stock declined modestly by -1.6% on 5/29/24. The stock closed at $97.60. Moreover, unusually high trading volume at 183% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -1.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, DSGX is expected to continue to be a Value Builder.
Descartes Systems Group has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Descartes Systems Group has a very low Appreciation Score of 14 but a good Power Rating of 82, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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