Wall Street analysts expect Servicesource International Inc (NASDAQ:SREV) to post $0.02 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Servicesource International’s earnings. Servicesource International also reported earnings per share of $0.02 in the same quarter last year. The company is scheduled to report its next earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that Servicesource International will report full year earnings of $0.10 per share for the current year, with EPS estimates ranging from $0.09 to $0.10. For the next financial year, analysts forecast that the company will post earnings of $0.16 per share, with EPS estimates ranging from $0.14 to $0.18. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Servicesource International.

Servicesource International (NASDAQ:SREV) last announced its quarterly earnings data on Monday, August 6th. The technology company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The business had revenue of $61.11 million during the quarter, compared to analyst estimates of $59.47 million. Servicesource International had a positive return on equity of 0.73% and a negative net margin of 10.52%.

Several brokerages have commented on SREV. ValuEngine raised Servicesource International from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. BidaskClub lowered Servicesource International from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 1st. Finally, Zacks Investment Research lowered Servicesource International from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 11th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $4.75.

In related news, Director Bruce Dunlevie purchased 30,335 shares of Servicesource International stock in a transaction dated Wednesday, August 15th. The stock was purchased at an average cost of $2.98 per share, for a total transaction of $90,398.30. Following the completion of the acquisition, the director now directly owns 141,182 shares of the company’s stock, valued at $420,722.36. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 19.00% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. MetLife Investment Advisors LLC bought a new position in shares of Servicesource International during the first quarter valued at $143,000. Engineers Gate Manager LP bought a new position in shares of Servicesource International during the first quarter valued at $195,000. Algert Global LLC bought a new position in shares of Servicesource International during the second quarter valued at $249,000. Millennium Management LLC increased its holdings in shares of Servicesource International by 21.3% during the fourth quarter. Millennium Management LLC now owns 89,199 shares of the technology company’s stock valued at $276,000 after acquiring an additional 15,648 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Servicesource International during the first quarter valued at $288,000. Hedge funds and other institutional investors own 71.18% of the company’s stock.

Servicesource International stock remained flat at $$3.05 on Monday. The company’s stock had a trading volume of 202,227 shares, compared to its average volume of 321,725. The stock has a market capitalization of $280.11 million, a price-to-earnings ratio of 38.13 and a beta of 1.01. Servicesource International has a fifty-two week low of $2.61 and a fifty-two week high of $4.47.

About Servicesource International

ServiceSource International, Inc provides recurring revenue management, maintenance, support, and subscription for technology and technology-enabled healthcare and life sciences companies. The company's solutions include 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, including the sale of maintenance and support service contracts for the products used by its clients' end-users.

Featured Story: Diversification Important in Investing

Get a free copy of the Zacks research report on Servicesource International (SREV)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Servicesource International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Servicesource International and related companies with MarketBeat.com's FREE daily email newsletter.