ServiceSource International (SREV) Releases Quarterly Earnings Results
ServiceSource International (NASDAQ:SREV) released its earnings data on Thursday. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04, ARN reports. The company had revenue of $77.20 million for the quarter, compared to the consensus estimate of $77.49 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis.
SREV has been the subject of a number of recent research reports. Analysts at Dougherty & Co initiated coverage on shares of ServiceSource International in a research note to investors on Monday, December 2nd. They set a “buy” rating on the stock. Analysts at Credit Agricole upgraded shares of ServiceSource International from an “outperform” rating to a “buy” rating in a research note to investors on Friday, November 22nd. They now have a $12.50 price target on the stock. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. ServiceSource International presently has a consensus rating of “Buy” and a consensus price target of $13.63.
Shares of ServiceSource International (NASDAQ:SREV) traded up 2.32% on Thursday, hitting $7.93. The stock had a trading volume of 1,216,745 shares. ServiceSource International has a 1-year low of $5.33 and a 1-year high of $13.69. The stock’s 50-day moving average is $8.34 and its 200-day moving average is $10.5. The company’s market cap is $643.1 million.
ServiceSource International, Inc (NASDAQ:SREV), formerly ServiceSource International, LLC, is a service revenue management company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.