Servicesource International (SREV) Updates FY18 Earnings Guidance

Servicesource International (NASDAQ:SREV) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share guidance of (0.11)-(0.09) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.05. The company issued revenue guidance of $243-246 million, compared to the consensus revenue estimate of $243.09 million.Servicesource International also updated its Q1 guidance to (0.03)-(0.01) EPS.

Servicesource International (NASDAQ SREV) traded up $0.12 on Monday, hitting $3.30. The stock had a trading volume of 276,708 shares, compared to its average volume of 398,386. The company has a market capitalization of $286.69, a PE ratio of -7.23 and a beta of 1.26. Servicesource International has a 52 week low of $2.61 and a 52 week high of $6.05.

SREV has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Servicesource International from a hold rating to a sell rating in a research note on Thursday, February 1st. BidaskClub upgraded shares of Servicesource International from a sell rating to a hold rating in a research note on Wednesday, December 27th. Finally, ValuEngine lowered shares of Servicesource International from a hold rating to a sell rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Servicesource International currently has an average rating of Hold and an average target price of $4.63.

In related news, CEO Christopher Carrington acquired 33,900 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were acquired at an average price of $2.95 per share, for a total transaction of $100,005.00. Following the completion of the purchase, the chief executive officer now directly owns 853,202 shares of the company’s stock, valued at $2,516,945.90. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 17.90% of the stock is owned by company insiders.

TRADEMARK VIOLATION WARNING: “Servicesource International (SREV) Updates FY18 Earnings Guidance” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of U.S. & international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/02/12/servicesource-international-srev-updates-fy18-earnings-guidance.html.

About Servicesource International

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Servicesource International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply