ServiceSource International (SREV) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS
ServiceSource International (NASDAQ:SREV) announced its earnings results on Thursday. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.05) by $0.02, American Banking News reports. The company had revenue of $67.26 million for the quarter, compared to the consensus estimate of $68.56 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis.
ServiceSource International (NASDAQ:SREV) traded up 0.16% on Thursday, hitting $6.25. 714,915 shares of the company’s stock traded hands. ServiceSource International has a one year low of $5.36 and a one year high of $13.69. The stock’s 50-day moving average is $7.64 and its 200-day moving average is $8.74. The company’s market cap is $516.1 million.
A number of research firms have recently commented on SREV. Analysts at Zacks upgraded shares of ServiceSource International from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. They now have a $7.20 price target on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $12.34.
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.