ServiceSource International, Inc. (NASDAQ:SREV) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS
ServiceSource International, Inc. (NASDAQ:SREV) posted its earnings results on Monday. The technology company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03, Briefing.com reports. The firm had revenue of $58.30 million for the quarter, compared to analyst estimates of $56.26 million. ServiceSource International had a negative return on equity of 5.65% and a negative net margin of 13.85%. ServiceSource International’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.01 earnings per share.
Shares of ServiceSource International (NASDAQ:SREV) traded up 0.27% during trading on Monday, hitting $3.76. The company’s stock had a trading volume of 237,401 shares. The firm’s 50 day moving average price is $3.79 and its 200-day moving average price is $4.01. The company’s market cap is $333.17 million. ServiceSource International has a 52 week low of $2.82 and a 52 week high of $6.25.
Several research firms recently commented on SREV. Zacks Investment Research lowered ServiceSource International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Northland Securities set a $5.00 target price on ServiceSource International and gave the company a “hold” rating in a report on Friday, July 28th. Finally, BidaskClub lowered ServiceSource International from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. ServiceSource International presently has an average rating of “Hold” and an average price target of $5.58.
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).
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