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.

ILLEGAL ACTIVITY NOTICE: “Servicesource International (SREV) Updates Q4 2018 Earnings Guidance” was published by WKRB News and is the sole property of of WKRB News. If you are viewing this article on another publication, it was illegally copied and reposted in violation of US and international trademark and copyright law. The legal version of this article can be viewed at https://www.wkrb13.com/2018/11/09/servicesource-international-srev-updates-q4-2018-earnings-guidance.html.

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.

Recommended Story: Buyback For Investors Defined

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.

Leave a Reply