ServiceSource International, Inc. (SREV) Set to Announce Quarterly Earnings on Tuesday
ServiceSource International, Inc. (NASDAQ:SREV) will be announcing its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.02 per share for the quarter.
ServiceSource International (NASDAQ:SREV) last announced its quarterly earnings data on Monday, August 7th. The technology company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. ServiceSource International had a negative return on equity of 3.70% and a negative net margin of 17.26%. The firm had revenue of $58.30 million for the quarter, compared to the consensus estimate of $56.26 million. During the same quarter last year, the business posted $0.01 earnings per share. The firm’s revenue was down 5.9% compared to the same quarter last year. On average, analysts expect ServiceSource International to post $0 EPS for the current fiscal year and $0.14 EPS for the next fiscal year.
Shares of ServiceSource International, Inc. (SREV) opened at 3.48 on Tuesday. The stock’s market cap is $310.38 million. The firm has a 50-day moving average price of $3.53 and a 200-day moving average price of $3.60. ServiceSource International, Inc. has a 52-week low of $2.82 and a 52-week high of $6.25.
A number of research analysts have weighed in on the company. Zacks Investment Research raised ServiceSource International from a “hold” rating to a “buy” rating and set a $4.00 price target on the stock in a research note on Wednesday, October 25th. Northland Securities set a $5.00 price target on ServiceSource International and gave the stock a “hold” rating in a research note on Friday, July 28th. Finally, BidaskClub raised ServiceSource International from a “sell” rating to a “hold” rating in a research note on Friday, August 25th.
WARNING: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another publication, it was stolen and republished in violation of US and international copyright law. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/10/31/servicesource-international-inc-srev-set-to-announce-quarterly-earnings-on-tuesday.html.
In other ServiceSource International news, Director Gary B. Moore purchased 50,000 shares of ServiceSource International stock in a transaction on Wednesday, August 23rd. The shares were bought at an average price of $3.38 per share, with a total value of $169,000.00. Following the purchase, the director now directly owns 143,627 shares in the company, valued at approximately $485,459.26. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Steven Cakebread sold 60,853 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $3.27, for a total value of $198,989.31. Following the transaction, the director now directly owns 64,943 shares in the company, valued at approximately $212,363.61. The disclosure for this sale can be found here. In the last three months, insiders have acquired 126,578 shares of company stock worth $428,289. Corporate insiders own 17.90% of the company’s stock.
ServiceSource International Company Profile
ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that power enterprise revenue relationships, partnering with business to business technology and technology-enabled companies. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI).
Receive News & Ratings for ServiceSource International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ServiceSource International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.