Servicesource International (NASDAQ:SREV) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Servicesource International (NASDAQ:SREV) issued its quarterly earnings results on Monday, February 12th. The technology company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.03, Bloomberg Earnings reports. The company had revenue of $66.00 million during 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%. Servicesource International’s revenue was down 3.9% on a year-over-year basis. During the same period last year, the company posted $0.02 EPS. 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 $3.69 on Tuesday. The company has a market cap of $332.67, a P/E ratio of 52.71 and a beta of 1.26. Servicesource International has a 12 month low of $2.61 and a 12 month high of $6.05.

SREV has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Servicesource International from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a report on Wednesday, October 25th. BidaskClub raised shares of Servicesource International from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Finally, ValuEngine cut shares of Servicesource International from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. Servicesource International presently has an average rating of “Hold” and a consensus price target of $4.63.

In other Servicesource International news, CEO Christopher Carrington bought 33,900 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was bought at an average cost of $2.95 per share, for a total transaction of $100,005.00. Following the completion of the transaction, the chief executive officer now owns 853,202 shares of the company’s stock, valued at approximately $2,516,945.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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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