DSGX Stock - The Descartes Systems Group Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $651.00M | $572.93M | $486.01M | $424.69M | $348.66M |
| Gross Profit | $492.43M | $434.64M | $372.69M | $322.88M | $258.75M |
| Gross Margin | 75.6% | 75.9% | 76.7% | 76.0% | 74.2% |
| Operating Income | $181.12M | $142.85M | $130.43M | $103.43M | $71.40M |
| Net Income | $143.27M | $115.91M | $102.24M | $86.28M | $52.10M |
| Net Margin | 22.0% | 20.2% | 21.0% | 20.3% | 14.9% |
| EPS | $1.68 | $1.36 | $1.21 | $1.02 | $0.62 |
The Descartes Systems Group Inc. provides cloud-based logistics and supply chain management business process solutions that focuses on enhancing the productivity, performance, and security of logistics-intensive businesses worldwide. Its Logistics Technology platform offers a range of modular, cloud-based, and interoperable web and wireless logistics management applications, which unites a community of logistics-focused parties, allowing them to transact business. The company provides a suite of solutions that include routing, mobile and telematics; transportation management and e-commerce enablement; customs and regulatory compliance; trade data; global logistics network services; and broker and forwarder enterprise systems. It offers its customers to use its modular, software-as-a-service, and data solutions to route, schedule, track, and measure delivery resources; plan, allocate, and execute shipments; rate, audit, and pay transportation invoices; access and analyze global trade data; research and perform trade tariff and duty calculations; file customs and security documents for imports and exports; and various other logistics processes. The company also provides cloud-based ecommerce warehouse management solutions; consulting, implementation, and training services; and maintenance and support services. It primarily focuses on serving transportation providers, logistics service providers, and distribution-intensive companies, as well as manufacturers, retailers, distributors, and mobile business service providers. The company was incorporated in 1981 and is headquartered in Waterloo, Canada.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 4th 2025 | Raymond James | Upgrade | Outperform | $118 |
| October 3rd 2025 | TD Securities | Resumed | Buy | $121 |
| July 14th 2025 | Morgan Stanley | Initiation | Equal Weight | $110 |
| December 17th 2024 | Loop Capital | Initiation | Buy | $140 |
| November 15th 2024 | Barclays | Upgrade | Equal Weight | $125← $88 |
| May 14th 2024 | Redburn Atlantic | Initiation | Neutral | $90 |
| April 16th 2024 | CIBC | Upgrade | Sector Outperform | $101← $96.5 |
| January 10th 2024 | Wolfe Research | Upgrade | Outperform | $95 |
| November 17th 2022 | Wolfe Research | Downgrade | Peer Perform | - |
| October 18th 2022 | Barclays | Downgrade | Underweight | $60← $72 |
| June 27th 2022 | CIBC | Downgrade | Neutral | $71← $89 |
Earnings History & Surprises
DSGXEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Mar 4, 2026 | $0.51 | — | — | — |
Q4 2025 | Dec 3, 2025 | $0.46 | $0.50 | +8.2% | ✓ BEAT |
Q3 2025 | Sep 3, 2025 | $0.49 | $0.43 | -12.2% | ✗ MISS |
Q2 2025 | Jun 4, 2025 | $0.46 | $0.41 | -10.9% | ✗ MISS |
Q2 2025 | Apr 22, 2025 | — | $0.43 | — | — |
Q4 2024 | Dec 3, 2024 | $0.40 | $0.42 | +5.0% | ✓ BEAT |
Q4 2024 | Oct 31, 2024 | — | $0.42 | — | — |
Q2 2024 | May 29, 2024 | $0.39 | $0.40 | +2.6% | ✓ BEAT |
Q1 2024 | Mar 7, 2024 | — | $0.31 | — | — |
Q1 2024 | Mar 6, 2024 | $0.37 | $0.37 | 0.0% | = MET |
Q3 2023 | Sep 6, 2023 | $0.33 | $0.32 | -3.0% | ✗ MISS |
Q2 2023 | May 31, 2023 | $0.33 | $0.34 | +3.0% | ✓ BEAT |
Q1 2023 | Mar 1, 2023 | $0.29 | $0.34 | +17.2% | ✓ BEAT |
Q1 2023 | Mar 1, 2023 | — | $0.31 | — | — |
Q3 2022 | Sep 7, 2022 | $0.27 | $0.27 | 0.0% | = MET |
Q2 2022 | Jun 1, 2022 | $0.26 | $0.27 | +3.8% | ✓ BEAT |
Q1 2022 | Mar 2, 2022 | $0.24 | $0.22 | -8.3% | ✗ MISS |
Q4 2021 | Dec 1, 2021 | $0.27 | $0.30 | +11.1% | ✓ BEAT |
Q3 2021 | Sep 8, 2021 | $0.25 | $0.27 | +8.0% | ✓ BEAT |
Q2 2021 | Jun 2, 2021 | $0.17 | $0.21 | +23.5% | ✓ BEAT |
Latest News
Morgan Stanley Maintains Equal-Weight on Descartes Systems Group, Raises Price Target to $110
📈 PositiveScotiabank Maintains Sector Outperform on Descartes Systems Group, Lowers Price Target to $115
➖ NeutralRaymond James Upgrades Descartes Systems Group to Outperform, Announces $118 Price Target
📈 PositiveBarclays Maintains Equal-Weight on Descartes Systems Group, Lowers Price Target to $106
➖ NeutralBMO Capital Maintains Market Perform on Descartes Systems Group, Lowers Price Target to $95
➖ NeutralThe Descartes Systems Group shares are trading higher after the company reported better-than-expected Q3 financial results.
📈 PositiveDescartes Systems Gr Q3 EPS $0.50 Misses $0.60 Estimate, Sales $187.700M Beat $184.446M Estimate
📉 NegativeDescartes Systems Gr Q3 EPS $0.50 Beats $0.45 Estimate, Sales $187.681M Beat $184.612M Estimate
📈 PositiveMorgan Stanley Maintains Equal-Weight on Descartes Systems Group, Lowers Price Target to $100
➖ NeutralEstes Logistics Scales Dedicated Fleet With Descartes Technology, Growing From Under $200M-$500Mn Over 15 Years While Maintaining 98%+ On-Time Delivery
📈 PositiveCIBC Maintains Outperformer on Descartes Systems Group, Lowers Price Target to $126
➖ NeutralTD Cowen Reinstates Buy on Descartes Systems Group, Announces $121 Price Target
📈 PositiveDescartes Helps Crystal Art Gallery Cut Shipping Costs And Streamline Multi-Channel Operations
📈 PositiveDescartes Systems Partnership With AiDock Enables Customs Assured To Streamline Documentation And Realize 30% Productivity Increase
📈 PositiveThe Descartes Systems Group shares are trading higher after the company reported better-than-expected Q2 sales results.
📈 PositiveDescartes Systems Gr Q2 EPS $0.43, Inline, Sales $179.815M Beat $175.762M Estimate
📈 PositiveDescartes Systems Gr Q2 EPS $0.43 Misses $0.52 Estimate, Sales $179.815M Beat $176.297M Estimate
📉 NegativeGolf Superstore Expands Sales Channels And Improves Inventory Handling Using Descartes Sellercloud Ecommerce Operations Platform
📈 PositiveFrequently Asked Questions about DSGX
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