Equities research analysts expect that Servicesource International Inc (NASDAQ:SREV) will report ($0.03) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Servicesource International’s earnings, with estimates ranging from ($0.04) to ($0.02). Servicesource International reported earnings per share of ($0.01) during the same quarter last year, which suggests a negative year over year growth rate of 200%. The firm is scheduled to issue its next quarterly earnings results on Thursday, May 2nd.
According to Zacks, analysts expect that Servicesource International will report full year earnings of ($0.06) per share for the current year. For the next year, analysts anticipate that the firm will report earnings of ($0.02) per share. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Servicesource International.
Servicesource International (NASDAQ:SREV) last released its earnings results on Wednesday, February 20th. The technology company reported $0.03 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.03. The company had revenue of $61.47 million for the quarter, compared to analysts’ expectations of $61.10 million. Servicesource International had a negative return on equity of 5.00% and a negative net margin of 10.44%.
SREV has been the topic of a number of recent analyst reports. Zacks Investment Research cut Servicesource International from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 21st. B. Riley set a $2.00 price objective on Servicesource International and gave the company a “buy” rating in a research note on Friday, February 15th. Finally, ValuEngine upgraded Servicesource International from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Servicesource International presently has an average rating of “Hold” and a consensus price target of $1.25.
In other news, Director John R. Ferron acquired 75,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were acquired at an average cost of $0.97 per share, for a total transaction of $72,750.00. Following the purchase, the director now owns 150,000 shares of the company’s stock, valued at approximately $145,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Richard Walker acquired 100,000 shares of the stock in a transaction that occurred on Wednesday, February 27th. The stock was purchased at an average price of $0.97 per share, for a total transaction of $97,000.00. Following the completion of the purchase, the chief financial officer now directly owns 554,763 shares in the company, valued at approximately $538,120.11. The disclosure for this purchase can be found here. Insiders own 19.00% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in Servicesource International in the 4th quarter worth approximately $48,000. Brandywine Managers LLC bought a new stake in Servicesource International in the fourth quarter valued at approximately $82,000. Hamilton Lane Advisors LLC bought a new stake in Servicesource International in the fourth quarter valued at approximately $98,000. Rhumbline Advisers lifted its position in Servicesource International by 43.8% in the fourth quarter. Rhumbline Advisers now owns 96,543 shares of the technology company’s stock valued at $104,000 after purchasing an additional 29,383 shares during the last quarter. Finally, Standard Life Aberdeen plc bought a new stake in Servicesource International in the fourth quarter valued at approximately $192,000. Institutional investors and hedge funds own 73.30% of the company’s stock.
Shares of NASDAQ SREV traded down $0.01 during mid-day trading on Wednesday, reaching $0.90. 1,330 shares of the company’s stock were exchanged, compared to its average volume of 310,873. The stock has a market capitalization of $84.66 million, a price-to-earnings ratio of -22.64 and a beta of 1.74. Servicesource International has a 52 week low of $0.85 and a 52 week high of $4.47.
Servicesource International Company Profile
ServiceSource International, Inc operates as a digital customer journey experience company. Its solutions include lead generation, inside sales, outsourced sales operations, customer onboarding, customer success management, cross-sell and upsell, warranty conversion, account-based marketing, and channel recruitment and enablement, as well as renewals management services, such as the sale of maintenance and support service contracts for the products used by its clients' end-users.
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