Servicesource International (SREV) Updates Q1 Earnings Guidance

Servicesource International (NASDAQ:SREV) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share guidance of (0.03)-(0.01) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.04). The company issued revenue guidance of $53.5-55.5 million, compared to the consensus revenue estimate of $54.35 million.Servicesource International also updated its FY18 guidance to (0.11)-(0.09) EPS.

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

Several research analysts recently weighed in on SREV shares. Zacks Investment Research raised Servicesource International from a hold rating to a buy rating and set a $4.00 target price on the stock in a research report on Thursday, October 19th. BidaskClub raised Servicesource International from a sell rating to a hold rating in a research report on Wednesday, December 27th. Finally, ValuEngine lowered Servicesource International from a hold rating to a sell rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Servicesource International currently has a consensus rating of Hold and an average target price of $4.63.

In other news, CEO Christopher Carrington bought 33,900 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were acquired at an average cost of $2.95 per share, with a total value of $100,005.00. Following the transaction, the chief executive officer now owns 853,202 shares of the company’s stock, valued at approximately $2,516,945.90. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 17.90% of the company’s stock.

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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).

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