Announcement • May 04
The Descartes Systems Group Inc. to Report Q1, 2027 Results on Jun 03, 2026 The Descartes Systems Group Inc. announced that they will report Q1, 2027 results After-Market on Jun 03, 2026 Announcement • Apr 23
The Descartes Systems Group Inc. (TSX:DSG) completed the acquisition of Idelic Inc. for $40 million. The Descartes Systems Group Inc. (TSX:DSG) acquired Idelic Inc. for $40 million on April 23, 2026. For Acquisition The Descartes Systems Group Inc. will pay $28 million with cash on hand, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is $12 million, based on the combined business achieving revenue-based targets in each of the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2028 and fiscal 2029.
The Descartes Systems Group Inc. (TSX:DSG) completed the acquisition of Idelic Inc. for $40 million on April 23, 2026. Recent Insider Transactions • Apr 20
CEO & Director recently sold US$2.2m worth of stock On the 13th of April, Edward Ryan sold around 34k shares on-market at roughly US$64.94 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Edward has been a net seller over the last 12 months, reducing personal holdings by US$973k. Valuation Update With 7 Day Price Move • Apr 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to US$75.80, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 17x in the Software industry in the US. Total loss to shareholders of 3.9% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$82.43 per share. Announcement • Apr 15
Descartes Systems Group Expands Artificial Intelligence Capabilities with Fleet Data Intelligence Platform Descartes Systems Group announced expanded artificial intelligence capabilities on its Global Logistics Network with the introduction of the Descartes Fleet Data Intelligence platform. Built on the scale and real-world operational data of the Global Logistics Network, the platform combines a new AI agent and machine learning capabilities to enhance on-time delivery, strengthen service level compliance and reduce cost per delivery while providing the visibility needed to measure, sustain and scale fleet performance improvements over time. The Fleet Data Intelligence platform introduces René, an AI agent that surfaces both real-time insights and longer-term improvement opportunities without requiring manual data extraction or specialized analytics expertise. For day-to-day fleet performance, René enables planners, dispatchers and operations leaders to quickly investigate issues, test hypotheses and get immediate answers simply by asking questions, such as why routes ran faster in a given period, what is driving overtime or where service levels are at risk. René also uncovers deeper, systemic patterns by analyzing large volumes of fleet execution data to identify trends and surface root causes of inefficiencies—for example, a group of drivers consistently logging excess miles due to manual route deviations—to take targeted action to improve performance. The platform also introduces machine learning capabilities that have increased route density by up to 30% in early deployments, enabling fleets to complete more stops without adding vehicles or drivers. It generates more accurate service time predictions by learning from real-world delivery durations and route conditions across variables such as customer type, product characteristics, delivery volume, vehicle type, charging stop locations and geography. Improved planning precision minimizes excess buffer time, idle capacity, missed delivery windows and route plans that diverge during execution, allowing companies to schedule more stops per driver within the same working hours. In addition, the platform provides structured visibility into key performance metrics, enabling organizations to benchmark service levels and track the impact of operational changes over time. By measuring improvements in areas such as route efficiency, service compliance and driver productivity, fleets can validate results, reinforce best practices and scale performance gains across their operations. Buy Or Sell Opportunity • Apr 09
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 26% to US$64.77. The fair value is estimated to be US$83.06, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 15%. For the next 3 years, revenue is forecast to grow by 9.4% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Announcement • Apr 01
Descartes Systems Group Announces ER2 Uses Descartes Sellercloud Solution to Enhance Ecommerce Fulfillment Descartes Systems Group announced that ER2, an Arizona-based IT asset management company, is using the Descartes Sellercloud solution to enhance ecommerce fulfillment by unifying inventory management, warehouse operations and shipping across eight facilities on a single platform. The solution has helped ER2 improve picking speed by approximately 75%, minimize cross-shipping errors and reduce shipping costs. ER2 has realized the following benefits by using the Descartes Sellercloud solution: Bin-controlled inventory and barcode validation minimized monthly cross-shipments caused by manual picking errors and disconnected systems. Fewer fulfillment errors mean fewer returns, less reshipping and reduced transportation-related waste—helping align operational efficiency with ER2’s sustainability goals. Picking speed improved by 75% with guided picking workflows and structured pick paths that reduced redundant travel and manual verification for warehouse teams, enabling ER2 to process more refurbished equipment efficiently and get redeployed assets back into productive use faster. Shipping costs decreased for approximately 40% of the company’s orders using intelligent routing logic to fulfill orders from the warehouse closest to the customer. In addition to lowering costs and accelerating delivery times to one to two days—often earlier than marketplace estimates—this approach reduces shipping distances and associated emissions. Descartes Sellercloud is an inventory and order management platform that helps small and mid-market retailers, distributors and wholesalers with omnichannel ecommerce operations centralize the management of their catalog, inventory, orders, purchasing, fulfillment and shipping. With 350+ integrations to marketplaces (including Amazon, Walmart, Shopify, WooCommerce and TikTok), shopping carts, shipping partners, third party logistics providers, payment gateways and vendors, the solution provides a comprehensive ecommerce ecosystem that companies can easily leverage to expand operations as they grow. Announcement • Mar 31
The Descartes Systems Group Inc., Annual General Meeting, Jun 11, 2026 The Descartes Systems Group Inc., Annual General Meeting, Jun 11, 2026. Announcement • Mar 13
The Descartes Systems Group Inc. (TSX:DSG) acquired Utordo Ltd for $3.3 million. The Descartes Systems Group Inc. (TSX:DSG) acquired Utordo Ltd for $3.3 million on March 11, 2026. The purchase price for the acquisition was approximately $2.3 million (£1.8 million), which was funded from cash on hand, plus potential performance-based contingent consideration of up to $1.0 million (£0.8 million) based on OrderMine achieving revenue-based targets over the first two years post-acquisition.
The Descartes Systems Group Inc. (TSX:DSG) completed the acquisition of Utordo Ltd for $3.3 million on March 11, 2026. Reported Earnings • Mar 12
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: US$1.91 (up from US$1.68 in FY 2025). Revenue: US$729.0m (up 12% from FY 2025). Net income: US$163.8m (up 14% from FY 2025). Profit margin: 23% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.5%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Mar 12
The Descartes Systems Group Inc. Appoints Edward Gardner as Chief Financial Officer, Effective March 12, 2026 The Descartes Systems Group Inc. announced that Edward Gardner would succeed Allan Brett as Descartes’ Chief Financial Officer. Mr. Gardner’s appointment is effective March 12, 2026. Mr. Brett will continue his employment with Descartes in a senior advisory role to the executive team. Buy Or Sell Opportunity • Mar 10
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 25% to US$70.01. The fair value is estimated to be US$88.80, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 9.5% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Announcement • Mar 05
Descartes Systems Group Expands Artificial Intelligence Capabilities on Global Logistics Network with Introduction of Descartes MacroPoint OpsForce Descartes Systems Group announced expanded artificial intelligence capabilities on its multimodal Global Logistics Network with the introduction of Descartes MacroPoint OpsForce, a suite of AI agents designed to automate freight visibility workflows, maintain tracking continuity and improve execution across complex, inter-enterprise supply chains. Built on the scale and real-time data of the Global Logistics Network, OpsForce leverages trusted, clean and formatted network intelligence to power automated driver engagement, exception management and documentation workflows for shippers, brokers, carriers and logistics service providers. In just months, over 435,000 more drivers have been connected to the Global Logistics Network through 720,000+ AI-powered driver outreaches. In addition, since first launched, OpsForce has helped customers eliminate up to 100% of manual check calls and achieve, on average, a 30% increase in no-touch tracking automation, 1.5x productivity gains for tracking teams, and 15% faster settlement through automated proof of delivery capture. As part of the Global Logistics Network, Descartes MacroPoint connects to hundreds of thousands of carriers and logistics service providers globally, along with millions of individual drivers to deliver real-time shipment visibility. When needed, the solution’s AI agents are automatically activated to guide mobile app onboarding to expand tracking coverage, restore tracking if it fails to start or stops unexpectedly, confirm arrival and departure milestones when geofence data is uncertain, and collect missing proof-of-delivery documentation. By automating these exception-based workflows, OpsForce reduces manual check calls, increases no-touch tracking, and enhances tracking compliance against customer visibility mandates. Announcement • Feb 10
Descartes Systems Group Announces Latest Technology Innovations Focused on Artificial Intelligence (Ai) and Advanced Automation Descartes Systems Group announced its latest technology innovations focused on artificial intelligence (AI) and advanced automation at Manifest 2026 from February 9-11 in Las Vegas. Descartes' solutions leverage its Global Logistics Network to help organizations of all sizes operate more intelligently, securely and resiliently in complex supply chain and logistics environments where execution, compliance, and risk mitigation matter. Technology innovations and enhancements being showcased at Manifest 2026 include: AI-driven Global Trade Intelligence to Manage Regulatory, Tariff and Compliance Risk; AI-driven denied party screening that, in collaboration with human oversight, reduces false positives to just fractions of a percent creating significant efficiencies, especially for organizations with large screening volumes; AI-enabled classification to accelerate product lookups and enhance the accuracy and consistency of import/export classification decisions; Agentic AI to help quickly identify trade patterns, trends and anomalies across large datasets using natural language queries, making complex global trade data more accessible and actionable; AI Enhancements to Forwarder/Broker Enterprise Systems for Complex Regulated Operations; AI-driven automation to convert structured and unstructured trade documents into accurate, digitized customers and security filings, reducing manual effort, improving data quality and accelerating processing; Advanced compliance capabilities to support security filings and customs requirements, facilitating legitimate trade and mitigating compliance risk; Advanced tracking and expanded ecosystem integrations improve shipment visibility, streamline workflows, and help logistics service providers scale while maintaining control and customer service; AI Innovation in Transportation Management & Real-time Visibility to Increase Accuracy and Responsiveness; Agentic AI to automate driver engagement, tracking continuity, arrival/departure confirmation and POD collection, allowing operations teams to focus on higher-value work; Agentic AI to help achieve customer-mandated visibility KPIs through exception-based automated outreach, recovery, confirmation, and documentation capture; AI-enabled Fleet and Last Mile Capabilities to Execute Rel reliably and Profitably; AI-enabled safety technologies to monitor driving behavior and proactively address risk; AI-driven service time predictions that are continuously refined based on real-time conditions such as traffic, weather and delivery constraints; AI-driven analytics proactively identify and mitigate delivery risks, helping customers maintain service reliability at scale. Valuation Update With 7 Day Price Move • Feb 03
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$66.36, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 14x in the Software industry in the US. Total loss to shareholders of 13% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$96.58 per share. Announcement • Feb 03
The Descartes Systems Group Inc. to Report Q4, 2026 Results on Mar 11, 2026 The Descartes Systems Group Inc. announced that they will report Q4, 2026 results After-Market on Mar 11, 2026 Buy Or Sell Opportunity • Jan 29
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to US$75.59. The fair value is estimated to be US$96.73, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Reported Earnings • Dec 05
Third quarter 2026 earnings: EPS and revenues exceed analyst expectations Third quarter 2026 results: EPS: US$0.51 (up from US$0.43 in 3Q 2025). Revenue: US$187.7m (up 11% from 3Q 2025). Net income: US$43.9m (up 20% from 3Q 2025). Profit margin: 23% (up from 22% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 5.7%. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year. Valuation Update With 7 Day Price Move • Dec 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to US$94.87, the stock trades at a forward P/E ratio of 47x. Average forward P/E is 14x in the Software industry in the US. Total returns to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$103 per share. Announcement • Nov 03
The Descartes Systems Group Inc. to Report Q3, 2026 Results on Dec 03, 2025 The Descartes Systems Group Inc. announced that they will report Q3, 2026 results After-Market on Dec 03, 2025 Buy Or Sell Opportunity • Sep 04
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 3.9% to US$106. The fair value is estimated to be US$88.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Reported Earnings • Sep 04
Second quarter 2026 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2026 results: EPS: US$0.44 (up from US$0.41 in 2Q 2025). Revenue: US$179.8m (up 10.0% from 2Q 2025). Net income: US$38.0m (up 9.6% from 2Q 2025). Profit margin: 21% (in line with 2Q 2025). Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year and the company’s share price has also increased by 16% per year. Announcement • Aug 06
Descartes Systems Group Announces the Release of Descartes Visual Compliance™ AI Assist Descartes Systems Group announced the release of Descartes Visual Compliance™ AI Assist, the latest advancement in denied party screening that uses new artificial intelligence (AI) capabilities to help trade compliance teams automatically reduce the effort required to review and clear false positives. false positives are alerts that appear to match restricted, sanctioned and denied party entities but are, in fact, benign matches that lead to unnecessary reviews, wasted time and delayed shipments for import or export. Descartes Visual Compliance is a cloud-based solution for export, financial and trade compliance, including restricted and denied party screening. The solution includes comprehensive watch list and regulatory content from the U.S. as well as the EU, APAC and EMEA regions. Descartes Visual Compliance helps companies of all sizes in diverse industries, such as aerospace, financial services, retail, manufacturing, education, transportation and defense, better navigate the ever-changing, complex world of foreign trade compliance by streamlining workflows, mitigating business risk and enhancing overall compliance. Key capabilities of Descartes Visual Compliance AI Assist include: Advanced AI-Driven Compliance Support: Enhance screening accuracy by automatically identifying and filtering low-risk screening results based on statistical analysis and machine learning algorithms. Streamline risk assessment with data-driven insights to support more informed decision-making and optimize the use of compliance resources. Configurable Risk Levels: Use adjustable AI settings to tailor the solution's responsiveness to align with specific regulatory requirements, geographical or departmental needs or internal adjudication practices. This flexibility allows organizations to customize the review of results below defined thresholds and ensure full oversight of flagged entries on a continual basis as they change and grow. Built-in Audit and Reporting: Demonstrate due diligence with consolidated and accessible screening results that are supported by centralized, audit-ready reports and a comprehensive audit trail. With complete visibility and traceability of screening results, companies are better able to meet both internal and external audit requirements. Announcement • Aug 04
The Descartes Systems Group Inc. (TSX:DSG) acquired Finale Inventory for $55 million. The Descartes Systems Group Inc. (TSX:DSG) acquired Finale Inventory for $55 million on August 4, 2025. Descartes paid for up-front consideration of $40 million satisfied with cash on hand, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is $15 million, based on the combined business achieving revenue-based targets in each of the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2027 and fiscal 2028.
The Descartes Systems Group Inc. (TSX:DSG) completed the acquisition of Finale Inventory on August 4, 2025. Announcement • Aug 01
The Descartes Systems Group Inc. to Report Q2, 2026 Results on Sep 03, 2025 The Descartes Systems Group Inc. announced that they will report Q2, 2026 results After-Market on Sep 03, 2025 Buy Or Sell Opportunity • Jul 10
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 2.6% to US$104. The fair value is estimated to be US$85.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 9.6% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Announcement • Jul 07
Descartes Systems Group Announces the Release of Descartes Macropoint Fraudguard 2.0 Descartes Systems Group announced the release of Descartes MacroPoint™? FraudGuard 2.0, the latest advancement in freight fraud technology designed to help shippers, freight brokers, and third-party logistics providers (3PL) safeguard their business against increasingly sophisticated fraud and cargo theft schemes. With new capabilities for pre-tender, pre-pickup and in-transit shipments, companies can maintain a high-performing, compliant carrier network, enhance the reliability of critical decision-making insights, and better detect and mitigate potential identity fraud or double brokering to avoid insurance, liability, and reputational risks. Descartes MacroPoint FraudGuard 2.0 significantly expands freight visibility and protection through powerful historical and real-time Descartes MacroPoint visibility data, automated in-transit monitoring, and real-time risk alerting. Companies can confidently evaluate carrier and driver legitimacy without delaying load coverage through detailed search insights from Descartes MacroPoint's unmatched database of freight tracking history. In addition, the solution automatically monitors shipments for risk signals across 16 critical in-transit data alerts to proactively notify users of potential fraud, double brokering, and suspicious activity, which provides greater protection for customers. Key Descartes MacroPoint Fraud Guard 2.0 features include: Carrier and Driver Lookup Tool: Outside of real-time alerting, users can quickly access historical performance and risk profile information using Department of Transportation (DOT) numbers or driver phone numbers, including number of loads being actively tracked, volumes and prior fraud indicators. This empowers better decision-making during load planning and carrier selection. Carrier Insights: Custom alerts flag newly added or suspicious carriers and drivers, drivers potentiallyiding identities using Voice over Internet Protocol (VoIP) phones, and carriers accepting excessive loads or those with historical data spoofing attempts, which allows users to block high-risk carriers before load details are communicated to the carrier/driver. In-Transit Risk Monitoring: To automate detection, enable real-time risk alerts and facilitate a faster response to potential theft or tampering, the solution continuously monitors shipments (even prior to pickup) for suspicious activities, such as GPS and IP location spoofing, route deviations, unusual travel patterns and unusual vehicle stops. Recent Insider Transactions • Jun 20
Insider recently sold US$2.8m worth of stock On the 19th of June, Andrew Roszko sold around 28k shares on-market at roughly US$98.20 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$3.8m. Insiders have been net sellers, collectively disposing of US$8.8m more than they bought in the last 12 months. Board Change • Jun 20
High number of new directors Director Jane Mowat was the last director to join the board, commencing their role in 2025. Announcement • Jun 19
The Descartes Systems Group Inc. (TSX:DSG) acquired Packageroute, Inc. for $2 million. The Descartes Systems Group Inc. (TSX:DSG) acquired Packageroute, Inc. for $2 million on June 19, 2025. Descartes acquired PackageRoute for approximately US $2 million, satisfied from cash on hand.
The Descartes Systems Group Inc. (TSX:DSG) completed the acquisition of Packageroute, Inc. on June 19, 2025. Announcement • Jun 13
The Descartes Systems Group Inc. Approves Board Elections The Descartes Systems Group Inc. at its annual meeting of shareholders held on June 12, 2025, approved election of Jane Mowat and Laura Wilkin as directors of the company. Reported Earnings • Jun 05
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: US$0.42 (up from US$0.41 in 1Q 2025). Revenue: US$168.7m (up 12% from 1Q 2025). Net income: US$36.2m (up 4.5% from 1Q 2025). Profit margin: 22% (down from 23% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.2%. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 18% per year. Announcement • Jun 05
The Descartes Systems Group Inc. Announces Executive Changes The Descartes Systems Group Inc. announced the appointment of William Green as Executive Vice President, Global Sales. Mr. Green has served as Descartes’ Senior Vice President for North American Sales since August 2020. Mr. Green has previously held senior commercial roles at Salesforce, PROLIFIQ and CDC Software (now Aptean). Andrew Roszko, Descartes’ Chief Commercial Officer, will depart the company in second quarter of 2026 to pursue another opportunity. Mr. Roszko was appointed EVP Global Sales in February 2019 and appointed Chief Commercial Officer in June 2022. “Andrew has been a valuable contributor to Descartes’ commercial development. Announcement • May 05
The Descartes Systems Group Inc. to Report Q1, 2026 Results on Jun 04, 2025 The Descartes Systems Group Inc. announced that they will report Q1, 2026 results After-Market on Jun 04, 2025 Recent Insider Transactions • Apr 20
CEO & Director recently sold US$3.8m worth of stock On the 15th of April, Edward Ryan sold around 38k shares on-market at roughly US$102 per share. This trade did not impact their existing holding. This was the largest sale by an insider in the last 3 months. This was Edward's only on-market trade for the last 12 months. Announcement • Apr 10
Descartes Solution Streamlines Air Shipment Data Exchange with Iata’S One Record Descartes Systems Group announced that the Descartes Air Messaging™ solution has streamlined the transmission of air shipment data according to the International Air Transport Association’s (IATA) ONE Record messaging standard. IATA’s ONE Record initiative aims to help airlines, their partners and service providers digitize air cargo messaging services by January 1, 2026, replacing the traditional exchange of documents using Cargo-IMP and Cargo XML standards. Designed specifically for the air cargo industry, Descartes Air Messaging™ supports a broad range of data standards and message specifications to share air shipment information across regional and global operations, including Application Programming Interfaces (APIs), such as ONE Record, Electronic Data Interchange (EDI), and direct system-to-system connectivity. With more accurate and up-to-date air shipment information, the air cargo industry is better positioned to increase transparency, improve efficiency, and ultimately speed up the movement of freight. Buy Or Sell Opportunity • Apr 09
Now 21% overvalued Over the last 90 days, the stock has fallen 9.2% to US$103. The fair value is estimated to be US$84.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Announcement • Apr 02
The Descartes Systems Group Inc., Annual General Meeting, Jun 12, 2025 The Descartes Systems Group Inc., Annual General Meeting, Jun 12, 2025. Buy Or Sell Opportunity • Mar 25
Now 22% overvalued Over the last 90 days, the stock has fallen 8.8% to US$106. The fair value is estimated to be US$86.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 9.7% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Announcement • Mar 25
The Descartes Systems Group Inc. (TSX:DSG) acquired 3GTMS, LLC for $115 million. The Descartes Systems Group Inc. (TSX:DSG) acquired 3GTMS, LLC for $115 million on March 25, 2025. A cash consideration of $115 million will be paid by The Descartes Systems Group Inc. The transaction will be satisfied from cash on hand. As part of the transaction, 3G’s partners and customers would join Descartes family.
Gibson, Dunn & Crutcher LLP acted as legal advisor and Lincoln International LLC acted as financial advisor for 3GTMS, LLC. Morgan, Lewis & Bockius LLP acted as legal advisor and Centerview Partners LLC acted as financial advisor for The Descartes Systems Group Inc.
The Descartes Systems Group Inc. (TSX:DSG) completed the acquisition of 3GTMS, LLC on March 25, 2025. Reported Earnings • Mar 06
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: US$1.68 (up from US$1.36 in FY 2024). Revenue: US$651.0m (up 14% from FY 2024). Net income: US$143.3m (up 24% from FY 2024). Profit margin: 22% (up from 20% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 11% per year. Announcement • Feb 06
Descartes Systems Group Showcases Global Trade Intelligence Technology Innovations Descartes Systems Group is scheduled to showcase numerous technology innovations to its global trade intelligence software suite at Descartes' Innovation Forum event, which takes place in Washington, DC from February 11-12, 2025. Innovations to Descartes' solution suite help companies in diverse industries manage the cross-border trade of merchandise, commodities and services more securely and efficiently in the face of expanding compliance requirements, geopolitical volatility, and evolving tariffs and trade barriers. Descartes' global trade intelligence innovation and enhancements include: Artificial Intelligence (AI)-enabled screening and classification to scale compliance operations. AI-driven screening for restricted, sanctioned and denied parties quarantines low-quality false positives and identifies when additional due diligence is required. AI-driven import/export classification accelerates product lookup capabilities in combination with other features such as regulations cross-referencing and landed cost calculations. Both innovations help companies more efficiently access and manage high volume, repetitive tasks without overloading existing compliance resources or adding new staff. AI-based agent to speed complex global trade intelligence queries. Converse in multiple languages with an AI- based agent to answer common questions; quickly identify historical trade patterns, emerging trends, or specific data needs (e.g., commodities, companies, products); and receive text- and/or graph-based responses. This helps users define searches more precisely, ensuring they extract the most relevant global trade data and that it's presented effectively. It makes global trade data content more accessible and actionable, while minimizing the training time required to build proficiency in developing optimal queries. Expanded global trade content offerings to simplify more wholistic risk assessments. Combining traditional Harmonized System (HS)-based trade data content with both optional experience-based content, such as previously classified products, and timely innovative-based content, such as legislation and/or regulations, provides companies with a broader content ecosystem to facilitate efficient and effective risk assessment associated with product, party or shipment compliance. Enhanced analytics to generate insights and inform strategic, evidence-based decision making. Advanced Microsoft Power BI-based analytics aggregates data from screening applications and other sources (e.g., visitor management, license management, other operational systems) to provide a single reporting view. Companies no longer need to rely on complicated integrations between applications to access sophisticated analytics that provide useful insight into their compliance activities, particularly in large enterprises. Expanded capabilities to manage increasing export controls and complexities around export license management. Expanded set of East Asian countries for compliance checks and license determinations, in addition to enhanced workflows and data sharing capabilities for very complex controlled goods businesses (e.g., aerospace and defense), which help companies better manage compliance with local laws, international agreements and security protocols. Announcement • Feb 04
The Descartes Systems Group Inc. to Report Q4, 2025 Results on Mar 05, 2025 The Descartes Systems Group Inc. announced that they will report Q4, 2025 results After-Market on Mar 05, 2025 Buy Or Sell Opportunity • Jan 15
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 7.4% to US$115. The fair value is estimated to be US$95.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Buy Or Sell Opportunity • Dec 23
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 12% to US$115. The fair value is estimated to be US$95.53, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 16%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Recent Insider Transactions • Dec 18
Chief Financial Officer recently sold US$630k worth of stock On the 17th of December, Allan Brett sold around 5k shares on-market at roughly US$120 per share. This transaction amounted to 15% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$793k. This was Allan's only on-market trade for the last 12 months. Recent Insider Transactions • Dec 10
Insider recently sold US$793k worth of stock On the 6th of December, Robert Parker sold around 7k shares on-market at roughly US$118 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.4m more than they bought in the last 12 months. Price Target Changed • Dec 04
Price target increased by 9.7% to US$121 Up from US$110, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of US$120. Stock is up 47% over the past year. The company is forecast to post earnings per share of US$1.64 for next year compared to US$1.36 last year. Reported Earnings • Dec 04
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$0.43 (up from US$0.31 in 3Q 2024). Revenue: US$168.8m (up 17% from 3Q 2024). Net income: US$36.6m (up 37% from 3Q 2024). Profit margin: 22% (up from 18% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) also surpassed analyst estimates by 2.6%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year whereas the company’s share price has increased by 15% per year. Announcement • Nov 04
The Descartes Systems Group Inc. to Report Q3, 2025 Results on Dec 03, 2024 The Descartes Systems Group Inc. announced that they will report Q3, 2025 results After-Market on Dec 03, 2024 Announcement • Oct 14
The Descartes Systems Group Inc. (TSX:DSG) acquired Software Developers LLC for $130 million. The Descartes Systems Group Inc. (TSX:DSG) acquired Software Developers LLC for $130 million on October 14, 2024. Consideration consists of $110 million satisfied from cash on hand, plus additional potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is $20 million, based on the combined business achieving revenue based targets in each of the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2026 and fiscal 2027.
The Descartes Systems Group Inc. (TSX:DSG) completed the acquisition of Software Developers LLC on October 14, 2024. Announcement • Sep 19
The Descartes Systems Group Inc. (TSX:DSG) acquired Assure Assist Inc. for $30 million. The Descartes Systems Group Inc. (TSX:DSG) acquired Assure Assist Inc. for $30 million on September 18, 2024. Consideration includes approximately $24 million satisfied with cash on hand, plus potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is $6 million, based on the combined business achieving revenue-based targets in each of the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2026 and fiscal 2027.
The Descartes Systems Group Inc. (TSX:DSG) completed the acquisition of Assure Assist Inc. on September 18, 2024. Reported Earnings • Sep 06
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$0.41 (up from US$0.33 in 2Q 2024). Revenue: US$163.4m (up 14% from 2Q 2024). Net income: US$34.7m (up 23% from 2Q 2024). Profit margin: 21% (up from 20% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.8%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Announcement • Aug 02
The Descartes Systems Group Inc. to Report Q2, 2025 Results on Sep 04, 2024 The Descartes Systems Group Inc. announced that they will report Q2, 2025 results After-Market on Sep 04, 2024 Buy Or Sell Opportunity • Jul 16
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 15% to US$104. The fair value is estimated to be US$86.44, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 19%. For the next 3 years, revenue is forecast to grow by 10% per annum. Earnings are also forecast to grow by 16% per annum over the same time period. Recent Insider Transactions • Jun 16
Non-Executive Independent Chairman recently sold US$843k worth of stock On the 12th of June, Eric Demirian sold around 9k shares on-market at roughly US$93.70 per share. This transaction amounted to 90% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Eric's only on-market trade for the last 12 months. Announcement • Jun 13
The Descartes Systems Group Inc. (TSX:DSG) acquired Boxtop Technologies Limited for approximately £10.2 million. The Descartes Systems Group Inc. (TSX:DSG) acquired Boxtop Technologies Limited for approximately £10.2 million on June 11, 2024. The Descartes Systems Group Inc. (TSX:DSG) completed the acquisition of Boxtop Technologies Limited on June 11, 2024. Reported Earnings • May 30
First quarter 2025 earnings: EPS exceeds analyst expectations First quarter 2025 results: EPS: US$0.41 (up from US$0.35 in 1Q 2024). Revenue: US$151.3m (up 11% from 1Q 2024). Net income: US$34.7m (up 18% from 1Q 2024). Profit margin: 23% (up from 22% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.4%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 14% per year. Announcement • May 03
The Descartes Systems Group Inc. to Report Q1, 2025 Results on May 29, 2024 The Descartes Systems Group Inc. announced that they will report Q1, 2025 results After-Market on May 29, 2024 Announcement • Apr 24
The Descartes Systems Group Inc. (TSX:DSG) acquired Aerospace Software Developments for €57 million. The Descartes Systems Group Inc. (TSX:DSG) acquired Aerospace Software Developments for €57 million on April 19, 2024. As part of the consideration, Descartes arranged to acquire ASD with €54 million paid at closing from cash on hand and the final arrangements for the transaction expected to occur in Descartes’ fiscal 2025 fourth quarter. Mark Mulcahy from Mazars Ireland provided financial and taxation vendor due diligence services to Aerospace Software Developments. Sam Nolan, John Curtin, Michael Quinlivan from Clearwater International Ireland acted as financial advisors to Aerospace Software Developments.The Descartes Systems Group Inc. (TSX:DSG) completed the acquisition of Aerospace Software Developments on April 19, 2024. Announcement • Apr 11
Descartes Systems Group Announces the Availability of Descartes MacroPoint FraudGuard Descartes Systems Group announced the availability of Descartes MacroPoint FraudGuard to help freight brokers, third-party logistics companies (3PLs) and shippers identify and prevent fraudulent activities related to carrier information, load tracking, and shipment status. The new capabilities are now included as part of the subscription for the Descartes MacroPoint service. Descartes MacroPoint Fraud Guard uses advanced technology to proactively assess and flag certain potential instances of carrier or driver fraud by evaluating billions of data points on freight location and status for accuracy. It helps to combat fraud by verifying the location of the freight and driver, blocking location tracking points that are determined to be false and managing the interaction with the customer when fraud is detected. The new capabilities help freight brokers, third- party logistics companies (3PLs") and shippers detect fraud early, save costs associated with the repercussions of fraud, improve carrier scorecards and carrier network performance, enhance trust with customers and carriers, and improve collaboration with carriers and partners when addressing concerns or disputes. Descartes MacroPoint is a multimodal visibility platform designed to help freight brokers, 3PLs and shippers gain better visibility to their freight operations and shipments. Carriers can easily connect with the solution via GPS-based electronic logging device (ELD), transportation management systems (TMS), or mobile app-based tracking methods. The platform allows for increased control and management of the supply chain--with more efficient and high-quality data to improve communication and decision-making. Using Descartes MacroPoint, companies can enhance customer service, increase distribution efficiency, better collaborate with customers, suppliers and carriers, and minimize the impact of disruptions and late delivery penalties. Announcement • Apr 02
The Descartes Systems Group Inc., Annual General Meeting, Jun 13, 2024 The Descartes Systems Group Inc., Annual General Meeting, Jun 13, 2024. Announcement • Mar 29
The Descartes Systems Group Inc. (TSX:DSG) acquired OCR Services, Inc. for $90 million. The Descartes Systems Group Inc. (TSX:DSG) acquired OCR Services, Inc. for $90 million on March 28, 2024.
The Descartes Systems Group Inc. (TSX:DSG) completed the acquisition of OCR Services, Inc. on March 28, 2024. Price Target Changed • Mar 12
Price target increased by 7.1% to US$95.98 Up from US$89.59, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of US$94.22. Stock is up 23% over the past year. The company is forecast to post earnings per share of US$1.70 for next year compared to US$1.36 last year. Price Target Changed • Mar 08
Price target increased by 7.0% to US$95.51 Up from US$89.26, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of US$91.59. Stock is up 23% over the past year. The company is forecast to post earnings per share of US$1.70 for next year compared to US$1.36 last year. Announcement • Feb 06
The Descartes Systems Group Inc. to Report Q4, 2024 Results on Mar 06, 2024 The Descartes Systems Group Inc. announced that they will report Q4, 2024 results After-Market on Mar 06, 2024 Reported Earnings • Dec 06
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: US$0.31 (up from US$0.31 in 3Q 2023). Revenue: US$144.7m (up 19% from 3Q 2023). Net income: US$26.6m (flat on 3Q 2023). Profit margin: 18% (down from 22% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.2%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Nov 03
The Descartes Systems Group Inc. to Report Q3, 2024 Results on Dec 05, 2023 The Descartes Systems Group Inc. announced that they will report Q3, 2024 results on Dec 05, 2023 Reported Earnings • Sep 07
Second quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2024 results: EPS: US$0.33 (up from US$0.27 in 2Q 2023). Revenue: US$143.4m (up 17% from 2Q 2023). Net income: US$28.1m (up 23% from 2Q 2023). Profit margin: 20% (up from 19% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Announcement • Aug 03
The Descartes Systems Group Inc. to Report Q2, 2024 Results on Sep 06, 2023 The Descartes Systems Group Inc. announced that they will report Q2, 2024 results After-Market on Sep 06, 2023 Recent Insider Transactions • Jul 12
Chief Financial Officer recently sold US$387k worth of stock On the 6th of July, Allan Brett sold around 5k shares on-market at roughly US$77.41 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Allan's only on-market trade for the last 12 months. Reported Earnings • Jun 03
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: US$0.35 (up from US$0.27 in 1Q 2023). Revenue: US$136.6m (up 17% from 1Q 2023). Net income: US$29.4m (up 27% from 1Q 2023). Profit margin: 22% (up from 20% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.7%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth. Announcement • May 04
The Descartes Systems Group Inc. to Report Q1, 2024 Results on May 31, 2023 The Descartes Systems Group Inc. announced that they will report Q1, 2024 results After-Market on May 31, 2023 Reported Earnings • Mar 03
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: US$1.21 (up from US$1.02 in FY 2022). Revenue: US$486.0m (up 14% from FY 2022). Net income: US$102.2m (up 19% from FY 2022). Profit margin: 21% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.2%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Feb 04
The Descartes Systems Group Inc. to Report Q4, 2023 Results on Mar 01, 2023 The Descartes Systems Group Inc. announced that they will report Q4, 2023 results After-Market on Mar 01, 2023 Announcement • Jan 08
The Descartes Systems Group Inc. (TSX:DSG) acquired Supply Vision, Inc. for $15 million. The Descartes Systems Group Inc. (TSX:DSG) acquired Supply Vision, Inc. for $15 million on January 6, 2023. Under the terms of the agreement, The Descartes Systems Group paid $12 million in cash on hand and a potential earnout payment of $3 million based on Supply Vision achieving revenue-based targets in each of the first two years post-acquisition.The Descartes Systems Group Inc. (TSX:DSG) completed the acquisition of Supply Vision, Inc. on January 6, 2023. Reported Earnings • Dec 08
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: US$0.31 (up from US$0.30 in 3Q 2022). Revenue: US$121.5m (up 12% from 3Q 2022). Net income: US$26.5m (up 3.8% from 3Q 2022). Profit margin: 22% (down from 23% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Sep 20
Independent Director recently bought US$114k worth of stock On the 14th of September, Sandra Hanington bought around 2k shares on-market at roughly US$69.14 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$577k more in shares than they have sold in the last 12 months. Reported Earnings • Sep 08
Second quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2023 results: EPS: US$0.27 (down from US$0.27 in 2Q 2022). Revenue: US$123.0m (up 18% from 2Q 2022). Net income: US$22.9m (down 1.2% from 2Q 2022). Profit margin: 19% (down from 22% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 26
Now 22% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be US$88.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 18% per annum over the same time period. Buying Opportunity • Aug 09
Now 20% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be US$89.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 37%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 18% per annum over the same time period. Buying Opportunity • Jun 27
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be US$80.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 37%. Revenue is forecast to grow by 12% in a year. Earnings is forecast to grow by 9.9% in the next year. Recent Insider Transactions • Jun 19
Independent Director recently bought US$55k worth of stock On the 14th of June, John Walker bought around 929 shares on-market at roughly US$59.17 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought US$189k more in shares than they have sold in the last 12 months. Price Target Changed • Jun 02
Price target decreased to US$77.91 Down from US$86.55, the current price target is an average from 9 analysts. New target price is 23% above last closing price of US$63.23. Stock is up 2.5% over the past year. The company is forecast to post earnings per share of US$1.11 for next year compared to US$1.02 last year. Reported Earnings • Jun 02
First quarter 2023 earnings: EPS and revenues miss analyst expectations First quarter 2023 results: EPS: US$0.27 (up from US$0.22 in 1Q 2022). Revenue: US$116.4m (up 18% from 1Q 2022). Net income: US$23.1m (up 26% from 1Q 2022). Profit margin: 20% (up from 19% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 100%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 11%, compared to a 29% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Apr 08
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 9.7%. The fair value is estimated to be US$86.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 35%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Reported Earnings • Mar 04
Full year 2022 earnings: EPS misses analyst expectations Full year 2022 results: EPS: US$1.02 (up from US$0.62 in FY 2021). Revenue: US$424.7m (up 22% from FY 2021). Net income: US$86.3m (up 66% from FY 2021). Profit margin: 20% (up from 15% in FY 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.7%. Over the next year, revenue is forecast to grow 13%, compared to a 49% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Feb 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be US$85.60, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% per annum over the last 3 years. Earnings per share has grown by 32% per annum over the last 3 years. Recent Insider Transactions • Jan 20
Chief Financial Officer recently bought US$701k worth of stock On the 14th of January, Allan Brett bought around 10k shares on-market at roughly US$70.05 per share. This was the largest purchase by an insider in the last 3 months. This was Allan's only on-market trade for the last 12 months.