Servicesource International (SREV) Updates FY18 Earnings Guidance
Servicesource International (NASDAQ:SREV) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of (0.11)-(0.09) for the period, compared to the Thomson Reuters consensus estimate of $0.05. The company issued revenue guidance of $243-246 million, compared to the consensus revenue estimate of $243.09 million.Servicesource International also updated its Q1 guidance to (0.03)-(0.01) EPS.
Servicesource International (SREV) opened at $3.49 on Wednesday. Servicesource International has a 1-year low of $2.61 and a 1-year high of $6.05. The company has a market capitalization of $297.51, a P/E ratio of 47.14 and a beta of 1.26.
Servicesource International (NASDAQ:SREV) last released its earnings results on Monday, February 12th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. Servicesource International had a positive return on equity of 4.45% and a negative net margin of 12.48%. The company had revenue of $66.00 million for the quarter, compared to the consensus estimate of $62.49 million. During the same quarter last year, the business posted $0.02 EPS. Servicesource International’s quarterly revenue was down 3.9% compared to the same quarter last year. sell-side analysts predict that Servicesource International will post 0.1 earnings per share for the current year.
In other Servicesource International news, CEO Christopher Carrington bought 33,900 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were purchased at an average cost of $2.95 per share, for a total transaction of $100,005.00. Following the transaction, the chief executive officer now directly owns 853,202 shares in the company, valued at $2,516,945.90. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.90% of the stock is currently owned by corporate insiders.
About Servicesource International
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).
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