-$0.27 EPS Expected for Zendesk, Inc. (ZEN) This Quarter
Wall Street brokerages expect Zendesk, Inc. (NYSE:ZEN) to post earnings per share (EPS) of ($0.27) for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Zendesk’s earnings. The lowest EPS estimate is ($0.28) and the highest is ($0.26). Zendesk posted earnings per share of ($0.26) in the same quarter last year, which indicates a negative year over year growth rate of 3.8%. The business is expected to report its next earnings results after the market closes on Thursday, August 3rd.
According to Zacks, analysts expect that Zendesk will report full-year earnings of ($1.02) per share for the current year, with EPS estimates ranging from ($1.07) to ($0.96). For the next financial year, analysts expect that the company will report earnings of ($1.02) per share, with EPS estimates ranging from ($1.14) to ($0.80). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Zendesk.
Zendesk (NYSE:ZEN) last released its quarterly earnings data on Thursday, May 4th. The software maker reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. Zendesk had a negative return on equity of 31.90% and a negative net margin of 30.79%. The business had revenue of $93.01 million for the quarter, compared to analyst estimates of $92.46 million. During the same quarter in the prior year, the firm posted ($0.08) EPS. The business’s quarterly revenue was up 35.9% compared to the same quarter last year.
A number of research analysts have recently issued reports on the company. Guggenheim assumed coverage on Zendesk in a report on Wednesday, April 12th. They issued a “buy” rating on the stock. They noted that the move was a valuation call. UBS AG reissued a “buy” rating and issued a $38.00 target price (up previously from $36.00) on shares of Zendesk in a report on Friday, May 5th. Zacks Investment Research raised Zendesk from a “sell” rating to a “hold” rating in a report on Thursday, June 8th. Stifel Nicolaus reissued a “hold” rating on shares of Zendesk in a report on Friday. Finally, William Blair reissued an “outperform” rating on shares of Zendesk in a report on Monday, April 3rd. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Zendesk has a consensus rating of “Buy” and an average price target of $33.00.
In other Zendesk news, CEO Mikkel Svane sold 50,000 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $27.20, for a total transaction of $1,360,000.00. Following the sale, the chief executive officer now directly owns 1,777,268 shares in the company, valued at $48,341,689.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John Geschke sold 8,334 shares of the business’s stock in a transaction on Thursday, May 4th. The stock was sold at an average price of $30.06, for a total value of $250,520.04. Following the sale, the senior vice president now owns 16,380 shares in the company, valued at $492,382.80. The disclosure for this sale can be found here. Insiders have sold 145,475 shares of company stock worth $3,963,405 in the last ninety days. 5.30% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of ZEN. BlackRock Inc. increased its stake in Zendesk by 81,570.3% in the first quarter. BlackRock Inc. now owns 5,702,221 shares of the software maker’s stock worth $159,888,000 after buying an additional 5,695,239 shares during the last quarter. Jericho Capital Asset Management L.P. increased its stake in Zendesk by 36.6% in the first quarter. Jericho Capital Asset Management L.P. now owns 2,459,840 shares of the software maker’s stock worth $68,974,000 after buying an additional 659,466 shares during the last quarter. EMS Capital LP increased its stake in Zendesk by 71.4% in the first quarter. EMS Capital LP now owns 1,440,000 shares of the software maker’s stock worth $40,378,000 after buying an additional 600,000 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Zendesk by 91.5% in the first quarter. OppenheimerFunds Inc. now owns 1,148,785 shares of the software maker’s stock worth $32,212,000 after buying an additional 548,785 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in Zendesk by 29.0% in the first quarter. Wellington Management Group LLP now owns 2,400,304 shares of the software maker’s stock worth $67,304,000 after buying an additional 539,513 shares during the last quarter. Institutional investors own 91.85% of the company’s stock.
Zendesk (ZEN) traded down 0.14% during midday trading on Friday, reaching $29.16. The company’s stock had a trading volume of 583,336 shares. Zendesk has a 12-month low of $19.77 and a 12-month high of $31.88. The stock’s market cap is $2.89 billion. The stock’s 50 day moving average is $27.72 and its 200 day moving average is $26.80.
Zendesk, Inc (Zendesk) is a software development company. The Zendesk family of products is built to work together to help organizations understand and manage customer relationships. All Zendesk products share a common interface and are being developed to support a shared services infrastructure and common customer data platform.
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