Wall Street analysts expect Servicesource International Inc (NASDAQ:SREV) to report ($0.03) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Servicesource International’s earnings, with the lowest EPS estimate coming in at ($0.04) and the highest estimate coming in at ($0.02). Servicesource International reported earnings of ($0.01) per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 200%. The firm is scheduled to announce its next quarterly earnings results on Thursday, May 2nd.
On average, analysts expect that Servicesource International will report full year earnings of ($0.06) per share for the current financial year. For the next financial year, analysts anticipate that the company will post earnings of ($0.02) per share. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Servicesource International.
Servicesource International (NASDAQ:SREV) last posted its earnings results on Wednesday, February 20th. The technology company reported $0.03 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.03. The business had revenue of $61.47 million for the quarter, compared to analyst estimates of $61.10 million. Servicesource International had a negative net margin of 10.44% and a negative return on equity of 5.00%.
SREV has been the subject of several research analyst reports. B. Riley set a $2.00 target price on shares of Servicesource International and gave the stock a “buy” rating in a research report on Friday, February 15th. ValuEngine raised shares of Servicesource International from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. Finally, Zacks Investment Research raised shares of Servicesource International from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 20th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $1.25.
In other Servicesource International news, CFO Richard Walker bought 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 27th. The shares were acquired at an average cost of $0.97 per share, for a total transaction of $97,000.00. Following the acquisition, the chief financial officer now directly owns 554,763 shares of the company’s stock, valued at $538,120.11. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John R. Ferron bought 75,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was acquired at an average price of $0.97 per share, for a total transaction of $72,750.00. Following the completion of the acquisition, the director now directly owns 150,000 shares in the company, valued at $145,500. The disclosure for this purchase can be found here. 19.00% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of Servicesource International in the 4th quarter worth approximately $48,000. Brandywine Managers LLC bought a new stake in shares of Servicesource International in the 4th quarter worth approximately $82,000. Hamilton Lane Advisors LLC bought a new stake in shares of Servicesource International in the 4th quarter worth approximately $98,000. Rhumbline Advisers raised its holdings in shares of Servicesource International by 43.8% in the 4th quarter. Rhumbline Advisers now owns 96,543 shares of the technology company’s stock worth $104,000 after purchasing an additional 29,383 shares in the last quarter. Finally, AQR Capital Management LLC bought a new stake in shares of Servicesource International in the 3rd quarter worth approximately $478,000. Institutional investors and hedge funds own 73.30% of the company’s stock.
Servicesource International stock traded down $0.01 during midday trading on Wednesday, hitting $0.90. 1,330 shares of the stock were exchanged, compared to its average volume of 310,873. The company 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 1 year low of $0.85 and a 1 year high of $4.47.
About Servicesource International
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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