ServiceSource International Inc. (NASDAQ:SREV) – Equities research analysts at Credit Agricole SA lowered their Q4 2016 earnings per share estimates for ServiceSource International in a report released on Thursday. Credit Agricole SA analyst E. Maguire now anticipates that the brokerage will post earnings per share of $0.00 for the quarter, down from their prior estimate of $0.01.

ServiceSource International (NASDAQ:SREV) last released its earnings results on Wednesday, November 9th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.03. The firm earned $62.51 million during the quarter, compared to analysts’ expectations of $61.14 million. ServiceSource International had a negative net margin of 11.88% and a negative return on equity of 4.59%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) EPS.

Earnings History and Estimates for ServiceSource International (NASDAQ:SREV)

Several other equities analysts have also recently weighed in on SREV. Zacks Investment Research cut shares of ServiceSource International from a “buy” rating to a “hold” rating in a research note on Wednesday, August 10th. JMP Securities raised their target price on shares of ServiceSource International from $7.00 to $8.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 24th. Finally, TheStreet raised shares of ServiceSource International from a “sell” rating to a “hold” rating in a research note on Wednesday, September 7th.

ServiceSource International (NASDAQ:SREV) opened at 5.51 on Monday. The firm’s market capitalization is $478.91 million. ServiceSource International has a 1-year low of $3.35 and a 1-year high of $5.89. The company’s 50-day moving average is $4.84 and its 200 day moving average is $4.48.

Several institutional investors have recently added to or reduced their stakes in SREV. American International Group Inc. boosted its position in ServiceSource International by 0.9% in the second quarter. American International Group Inc. now owns 35,133 shares of the company’s stock valued at $142,000 after buying an additional 301 shares in the last quarter. BlackRock Inc. increased its stake in shares of ServiceSource International by 2.1% in the third quarter. BlackRock Inc. now owns 39,682 shares of the company’s stock valued at $194,000 after buying an additional 829 shares in the last quarter. Rhumbline Advisers increased its stake in shares of ServiceSource International by 1.7% in the third quarter. Rhumbline Advisers now owns 60,444 shares of the company’s stock valued at $295,000 after buying an additional 1,000 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of ServiceSource International by 0.9% in the third quarter. California State Teachers Retirement System now owns 129,174 shares of the company’s stock valued at $630,000 after buying an additional 1,200 shares in the last quarter. Finally, BlackRock Advisors LLC increased its stake in shares of ServiceSource International by 5.5% in the second quarter. BlackRock Advisors LLC now owns 29,279 shares of the company’s stock valued at $118,000 after buying an additional 1,519 shares in the last quarter. 72.80% of the stock is owned by institutional investors and hedge funds.

About ServiceSource International

ServiceSource International, Inc (ServiceSource) is a provider of customer and revenue lifecycle solutions that improve enterprise revenue relationships. The Company operates through two segments: Managed Services, and Cloud and Business Intelligence (CBI). Based on the science of Revenue Lifecycle Management (RLM), the Company provides business to business (B2B) companies with technology-enabled services and solutions that allow growing and retaining revenue from existing customers, directly or through a channel.

5 Day Chart for NASDAQ:SREV

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