-$0.06 Earnings Per Share Expected for Zendesk, Inc. (ZEN) This Quarter
Wall Street analysts expect Zendesk, Inc. (NYSE:ZEN) to report earnings per share (EPS) of ($0.06) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Zendesk’s earnings. The lowest EPS estimate is ($0.07) and the highest is ($0.05). Zendesk reported earnings of ($0.04) per share in the same quarter last year, which suggests a negative year-over-year growth rate of 50%. The firm is expected to report its next earnings results on Tuesday, November 7th.
On average, analysts expect that Zendesk will report full year earnings of ($0.17) per share for the current financial year, with EPS estimates ranging from ($0.18) to ($0.15). For the next fiscal year, analysts forecast that the company will post earnings of ($0.03) per share, with EPS estimates ranging from ($0.12) to $0.04. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Zendesk.
Zendesk (NYSE:ZEN) last announced its earnings results on Thursday, August 3rd. The software maker reported ($0.26) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.20). Zendesk had a negative return on equity of 32.10% and a negative net margin of 29.34%. The firm had revenue of $101.30 million for the quarter, compared to the consensus estimate of $99.47 million. During the same period in the previous year, the firm earned ($0.06) EPS. Zendesk’s revenue for the quarter was up 36.5% on a year-over-year basis.
ZEN has been the topic of several research analyst reports. Zacks Investment Research raised shares of Zendesk from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. BidaskClub cut shares of Zendesk from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 29th. Stifel Nicolaus reissued a “hold” rating on shares of Zendesk in a research note on Friday, July 21st. KeyCorp reissued a “buy” rating and set a $35.00 price target on shares of Zendesk in a research note on Friday, August 4th. Finally, Piper Jaffray Companies set a $33.00 price target on shares of Zendesk and gave the company a “buy” rating in a research note on Saturday, August 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $33.09.
Shares of Zendesk (NYSE ZEN) traded down 1.34% during midday trading on Friday, reaching $28.66. The company had a trading volume of 1,625,236 shares. Zendesk has a 12 month low of $19.77 and a 12 month high of $31.36. The firm’s 50 day moving average price is $27.70 and its 200-day moving average price is $27.64. The company’s market capitalization is $2.88 billion.
In related news, SVP John Geschke sold 10,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $29.33, for a total transaction of $293,300.00. Following the sale, the senior vice president now directly owns 20,595 shares in the company, valued at $604,051.35. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Elena Gomez sold 1,431 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $27.06, for a total transaction of $38,722.86. Following the sale, the chief financial officer now owns 6,157 shares in the company, valued at $166,608.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 127,085 shares of company stock worth $3,587,804. Insiders own 5.30% of the company’s stock.
Several large investors have recently modified their holdings of the stock. FMR LLC raised its holdings in shares of Zendesk by 2.0% during the second quarter. FMR LLC now owns 14,844,224 shares of the software maker’s stock worth $412,372,000 after acquiring an additional 293,055 shares during the period. BlackRock Inc. raised its holdings in shares of Zendesk by 54.9% during the second quarter. BlackRock Inc. now owns 8,835,508 shares of the software maker’s stock worth $245,450,000 after acquiring an additional 3,133,287 shares during the period. Vanguard Group Inc. raised its holdings in shares of Zendesk by 10.9% during the second quarter. Vanguard Group Inc. now owns 7,365,549 shares of the software maker’s stock worth $204,615,000 after acquiring an additional 721,652 shares during the period. Franklin Resources Inc. raised its holdings in shares of Zendesk by 1.6% during the second quarter. Franklin Resources Inc. now owns 5,119,444 shares of the software maker’s stock worth $142,213,000 after acquiring an additional 79,039 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in shares of Zendesk during the second quarter worth $137,975,000. Institutional investors and hedge funds own 96.06% of the company’s stock.
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Zendesk Company Profile
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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