Servicesource International Inc (SREV) Expected to Post Earnings of $0.03 Per Share

Brokerages expect Servicesource International Inc (NASDAQ:SREV) to report $0.03 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for Servicesource International’s earnings. The lowest EPS estimate is $0.02 and the highest is $0.04. Servicesource International posted earnings of $0.06 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 50%. The business is expected to issue its next earnings report after the market closes on Wednesday, February 20th.

According to Zacks, analysts expect that Servicesource International will report full-year earnings of $0.04 per share for the current fiscal year, with EPS estimates ranging from $0.03 to $0.05. For the next fiscal year, analysts expect that the firm will post earnings of $0.09 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Servicesource International.

Servicesource International (NASDAQ:SREV) last posted its quarterly earnings data on Wednesday, November 7th. The technology company reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The company had revenue of $57.17 million during the quarter, compared to analyst estimates of $56.98 million. Servicesource International had a negative net margin of 11.15% and a negative return on equity of 2.70%.

SREV has been the topic of several research analyst reports. Zacks Investment Research raised shares of Servicesource International from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 10th. JMP Securities cut shares of Servicesource International from an “outperform” rating to a “market perform” rating in a research note on Friday, October 19th. B. Riley reissued a “buy” rating and set a $3.00 price target on shares of Servicesource International in a research note on Friday, October 19th. Finally, ValuEngine raised shares of Servicesource International from a “hold” rating to a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $2.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Primecap Management Co. CA grew its stake in shares of Servicesource International by 3.6% during the third quarter. Primecap Management Co. CA now owns 13,765,533 shares of the technology company’s stock valued at $39,232,000 after purchasing an additional 478,000 shares during the last quarter. BlackRock Inc. boosted its stake in Servicesource International by 0.7% in the third quarter. BlackRock Inc. now owns 5,225,749 shares of the technology company’s stock valued at $14,893,000 after acquiring an additional 37,659 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Servicesource International by 1.6% in the third quarter. Renaissance Technologies LLC now owns 4,444,639 shares of the technology company’s stock valued at $12,667,000 after acquiring an additional 70,272 shares during the last quarter. Millennium Management LLC boosted its stake in Servicesource International by 76.9% in the second quarter. Millennium Management LLC now owns 2,519,445 shares of the technology company’s stock valued at $9,927,000 after acquiring an additional 1,094,838 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Servicesource International by 33.1% in the third quarter. Russell Investments Group Ltd. now owns 1,734,838 shares of the technology company’s stock valued at $4,944,000 after acquiring an additional 431,606 shares during the last quarter. 73.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ SREV traded down $0.02 during mid-day trading on Friday, hitting $1.20. 1,803 shares of the stock were exchanged, compared to its average volume of 542,580. The firm has a market cap of $113.12 million, a price-to-earnings ratio of 14.88 and a beta of 1.89. The company has a current ratio of 3.91, a quick ratio of 3.91 and a debt-to-equity ratio of 0.32. Servicesource International has a twelve month low of $0.92 and a twelve month high of $4.47.

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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