Servicesource International (SREV) Posts Earnings Results

Servicesource International (NASDAQ:SREV) released its quarterly earnings results on Monday. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03, Bloomberg Earnings reports. Servicesource International had a negative net margin of 15.89% and a negative return on equity of 1.35%. The company had revenue of $66.00 million for the quarter, compared to the consensus estimate of $62.49 million. During the same period in the previous year, the firm earned $0.02 EPS. Servicesource International’s revenue was down 3.9% on a year-over-year basis. Servicesource International updated its Q1 guidance to (0.03)-(0.01) EPS and its FY18 guidance to (0.11)-(0.09) EPS.

Servicesource International (NASDAQ SREV) opened at $3.30 on Tuesday. Servicesource International has a 52 week low of $2.61 and a 52 week high of $6.05.

In other Servicesource International news, CEO Christopher Carrington acquired 33,900 shares of the stock in a transaction dated Wednesday, November 29th. The shares were bought at an average price of $2.95 per share, with a total value of $100,005.00. Following the purchase, the chief executive officer now directly owns 853,202 shares of the company’s stock, valued at approximately $2,516,945.90. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 17.90% of the company’s stock.

A number of research firms have commented on SREV. BidaskClub downgraded shares of Servicesource International from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Zacks Investment Research raised shares of Servicesource International from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a research note on Wednesday, October 25th. Finally, ValuEngine cut shares of Servicesource International from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Two research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Servicesource International currently has a consensus rating of “Hold” and a consensus target price of $4.63.

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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).

Earnings History for Servicesource International (NASDAQ:SREV)

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