What To Expect From ServiceSource International, Inc. ($SREV) 3Q20 Earnings

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ServiceSource International, Inc. (NASDAQ:SREV) is reporting third quarter earnings results on Wednesday 28th October 2020, after market close.

The consensus estimates from Thomson Reuters are loss of $ 0.02 per share.

For the full year, analysts predict revenues of $ 194.50 million, while looking forward to loss of $ 0.05 per share.

Previous Quarter Performance

ServiceSource International, Inc. came out with loss for the second quarter of $ 0.01 per share, from the revenue of $ 47.64 million. The consensus estimates are loss of $ 0.05 per share from $ 43.00 million in revenue. The bottom line results beat street analysts by $ 0.04 or 80.00 percent, at the same time, top line results outshined analysts by $ 4.64 million or 10.79 percent.

Stock Performance

Shares of ServiceSource International, Inc. traded low $ -0.01 or -0.71 percent on Tuesday, reaching $ 1.40 with volume of 106.30 thousand shares. ServiceSource International, Inc. has traded high as $ 1.49 and has cracked $ 1.37 on the downward trend

According to the previous trading day, closing price of $ 1.40, representing a 166.04 % increase from the 52 week low of $ 0.53 and a 32.86 % decrease over the 52 week high of $ 2.10.

The company has a market capital of $ 133.86 million and is part of the Technology sector and Software – Infrastructure industry.

ServiceSource International, Inc. operates as a digital customer journey experience company. Its solutions include lead generation, inside sales, 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 services, such as the sale of maintenance and support service contracts for the products used by its clients end-users.