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.

WARNING: “-$0.06 Earnings Per Share Expected for Zendesk, Inc. (ZEN) This Quarter” was first published by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/09/16/0-06-earnings-per-share-expected-for-zendesk-inc-zen-this-quarter.html.

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.

Get a free copy of the Zacks research report on Zendesk (ZEN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Zendesk Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zendesk Inc. and related companies with MarketBeat.com's FREE daily email newsletter.