Servicesource International (SREV) Updates Q4 2018 Earnings Guidance

Servicesource International (NASDAQ:SREV) issued an update on its fourth quarter 2018 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.02-0.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.03. The company issued revenue guidance of $60-63 million, compared to the consensus revenue estimate of $61.78 million.Servicesource International also updated its FY 2018 guidance to $0.03-0.04 EPS.

NASDAQ SREV opened at $1.46 on Friday. The company has a market cap of $124.90 million, a P/E ratio of 18.25 and a beta of 1.81. Servicesource International has a 52 week low of $1.23 and a 52 week high of $4.47.

Servicesource International (NASDAQ:SREV) last posted its quarterly earnings data on Monday, August 6th. The technology company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. The firm had revenue of $61.11 million during the quarter, compared to analyst estimates of $59.47 million. Servicesource International had a negative net margin of 10.52% and a positive return on equity of 0.73%. On average, analysts forecast that Servicesource International will post -0.08 earnings per share for the current year.

Several research analysts recently commented on SREV shares. B. Riley reiterated a buy rating and set a $3.00 price objective on shares of Servicesource International in a research note on Friday, October 19th. Zacks Investment Research upgraded shares of Servicesource International from a strong sell rating to a hold rating in a research note on Wednesday, October 10th. JMP Securities lowered shares of Servicesource International from an outperform rating to a market perform rating in a research note on Friday, October 19th. Finally, BidaskClub lowered shares of Servicesource International from a sell rating to a strong sell rating in a research note on Thursday, September 20th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $2.00.

In other news, Director Bruce Dunlevie acquired 30,335 shares of Servicesource International stock in a transaction that occurred on Wednesday, August 15th. The stock was purchased at an average price of $2.98 per share, for a total transaction of $90,398.30. Following the purchase, the director now directly owns 141,182 shares in the company, valued at approximately $420,722.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 19.00% of the company’s stock.

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Servicesource International Company Profile

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.

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