The Descartes Systems Group (DSGX) Expected to Announce Earnings on Wednesday

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG is expected to be announcing its Q1 2026 earnings results before the market opens on Wednesday, June 4th. Analysts expect the company to announce earnings of $0.46 per share for the quarter.

The Descartes Systems Group (NASDAQ:DSGX - Get Free Report) TSE: DSG last issued its quarterly earnings data on Wednesday, March 5th. The technology company reported $0.43 EPS for the quarter, meeting analysts' consensus estimates of $0.43. The firm had revenue of $167.50 million for the quarter, compared to analysts' expectations of $169.97 million. The Descartes Systems Group had a net margin of 21.80% and a return on equity of 10.65%. On average, analysts expect The Descartes Systems Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

The Descartes Systems Group Price Performance

NASDAQ:DSGX traded up $0.90 on Friday, reaching $114.58. The stock had a trading volume of 289,378 shares, compared to its average volume of 208,783. The company has a market cap of $9.81 billion, a price-to-earnings ratio of 72.06 and a beta of 0.88. The firm's fifty day moving average is $106.13 and its two-hundred day moving average is $110.75. The Descartes Systems Group has a 12-month low of $89.00 and a 12-month high of $124.31.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in The Descartes Systems Group stock. Goldman Sachs Group Inc. increased its position in shares of The Descartes Systems Group Inc. (NASDAQ:DSGX - Free Report) TSE: DSG by 35.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 377,140 shares of the technology company's stock after purchasing an additional 98,054 shares during the period. Goldman Sachs Group Inc. owned about 0.44% of The Descartes Systems Group worth $38,027,000 at the end of the most recent reporting period. 77.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DSGX has been the subject of a number of research analyst reports. BMO Capital Markets dropped their target price on shares of The Descartes Systems Group from $120.00 to $113.00 and set a "market perform" rating for the company in a research report on Thursday, March 6th. CIBC lowered their price objective on shares of The Descartes Systems Group from $128.00 to $127.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Stephens lowered their price objective on shares of The Descartes Systems Group from $137.00 to $125.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Scotiabank increased their price objective on shares of The Descartes Systems Group from $125.00 to $127.00 and gave the company a "sector outperform" rating in a research report on Wednesday, March 26th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $130.00 price target on shares of The Descartes Systems Group in a research report on Friday, March 28th. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, The Descartes Systems Group has a consensus rating of "Moderate Buy" and a consensus target price of $124.80.

About The Descartes Systems Group

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.