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.

In other Servicesource International news, CEO Christopher Carrington purchased 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 completion of the transaction, the chief executive officer now directly owns 853,202 shares in the company, valued at approximately $2,516,945.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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).

Earnings History for Servicesource International (NASDAQ:SREV)

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