William Blair Analysts Increase Earnings Estimates for DSGX

The Descartes Systems Group Inc. (NASDAQ:DSGX) (TSE:DSG) – Analysts at William Blair lifted their Q3 2026 earnings per share (EPS) estimates for shares of The Descartes Systems Group in a research report issued to clients and investors on Wednesday, December 4th. William Blair analyst D. Becker now anticipates that the technology company will post earnings of $0.54 per share for the quarter, up from their prior forecast of $0.53. The consensus estimate for The Descartes Systems Group’s current full-year earnings is $1.69 per share.

A number of other equities analysts have also weighed in on DSGX. Barclays upgraded shares of The Descartes Systems Group from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $88.00 to $125.00 in a report on Friday, November 15th. Scotiabank boosted their target price on shares of The Descartes Systems Group from $120.00 to $125.00 and gave the company a “sector outperform” rating in a research note on Wednesday. TD Securities boosted their target price on shares of The Descartes Systems Group from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday. Canaccord Genuity Group set a $108.00 target price on shares of The Descartes Systems Group and gave the company a “buy” rating in a research note on Thursday, September 5th. Finally, National Bank Financial upgraded shares of The Descartes Systems Group to a “strong-buy” rating in a research note on Wednesday, September 25th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, The Descartes Systems Group has a consensus rating of “Moderate Buy” and an average price target of $114.17.

The Descartes Systems Group Stock Up 2.2 %

Shares of NASDAQ DSGX opened at $121.37 on Friday. The Descartes Systems Group has a twelve month low of $79.21 and a twelve month high of $122.22. The firm has a market cap of $10.37 billion, a P/E ratio of 76.33 and a beta of 0.98. The company has a 50 day moving average of $109.73 and a 200 day moving average of $102.08.

The Descartes Systems Group (NASDAQ:DSGX) (TSE:DSG) last issued its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). The Descartes Systems Group had a return on equity of 10.82% and a net margin of 21.80%. The company had revenue of $163.43 million during the quarter, compared to the consensus estimate of $160.17 million. During the same period in the prior year, the firm earned $0.32 earnings per share. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year.

Institutional Investors Weigh In On The Descartes Systems Group

A number of hedge funds have recently modified their holdings of the business. Franklin Resources Inc. grew its position in shares of The Descartes Systems Group by 3.1% during the 3rd quarter. Franklin Resources Inc. now owns 1,367,946 shares of the technology company’s stock valued at $142,693,000 after acquiring an additional 40,807 shares during the period. Synovus Financial Corp boosted its holdings in The Descartes Systems Group by 8.4% in the 3rd quarter. Synovus Financial Corp now owns 15,354 shares of the technology company’s stock worth $1,581,000 after buying an additional 1,190 shares during the period. Sanctuary Advisors LLC bought a new position in The Descartes Systems Group in the 3rd quarter worth $465,000. Barclays PLC boosted its holdings in The Descartes Systems Group by 2.8% in the 3rd quarter. Barclays PLC now owns 10,008 shares of the technology company’s stock worth $1,031,000 after buying an additional 270 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in The Descartes Systems Group by 10.7% in the 3rd quarter. Geode Capital Management LLC now owns 479,681 shares of the technology company’s stock worth $50,277,000 after buying an additional 46,523 shares during the period. Institutional investors own 77.73% of the company’s stock.

About The Descartes Systems Group

The Descartes Systems Group Inc provides cloud-based logistics and supply chain management solutions worldwide. Its Logistics Technology platform offers a range of modular, interoperable web and wireless logistics management solutions. The company provides a suite of solutions that include routing, mobile, and telematics; transportation management; ecommerce, shipping, and fulfillment; customs and regulatory compliance; global trade intelligence; broker and forwarder enterprise systems; and B2B messaging and connectivity services.