Can Descartes Systems (DSGX) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Descartes Systems (DSGX) shows potential as a strong investment opportunity due to significant upward revisions in earnings estimates, indicating an improving earnings outlook and potential for continued stock price appreciation [1][2]. Current-Quarter Estimate Revisions - For the current quarter, Descartes Systems is projected to earn $0.55 per share, reflecting a year-over-year increase of +27.9% [6]. - Over the past 30 days, two earnings estimates have been revised upward, with no negative revisions, leading to a 6.86% increase in the Zacks Consensus Estimate [6]. Current-Year Estimate Revisions - For the full year, the expected earnings per share is $1.99, representing a year-over-year growth of +21.3% [7]. - Similar to the current quarter, two estimates have been raised in the last month with no negative revisions, resulting in a 10.28% increase in the consensus estimate [8]. Favorable Zacks Rank - The positive revisions in earnings estimates have earned Descartes Systems a Zacks Rank of 2 (Buy), indicating strong investment potential [9]. - Stocks rated Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [9]. Bottom Line - The strong estimate revisions have led to a 10.5% increase in the stock price over the past four weeks, suggesting further upside potential for investors [10].