Servicesource International (SREV) Issues Earnings Results
Servicesource International (NASDAQ:SREV) released its earnings results on Monday. The technology company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.03, Bloomberg Earnings reports. The firm had revenue of $66.00 million for the quarter, compared to analysts’ expectations of $62.49 million. Servicesource International had a negative net margin of 12.48% and a positive return on equity of 4.45%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.02 earnings per share. Servicesource International updated its Q1 guidance to (0.03)-(0.01) EPS and its FY18 guidance to (0.11)-(0.09) EPS.
Shares of Servicesource International (NASDAQ:SREV) opened at $3.49 on Wednesday. Servicesource International has a 12-month low of $2.61 and a 12-month high of $6.05. The stock has a market cap of $297.51, a P/E ratio of 47.14 and a beta of 1.26.
SREV has been the topic of a number of research analyst reports. Zacks Investment Research cut 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 cut shares of Servicesource International from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $4.63.
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).
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.