Tableau Software, Inc. (DATA) Expected to Announce Earnings of $0.09 Per Share
Wall Street brokerages forecast that Tableau Software, Inc. (NYSE:DATA) will announce earnings per share (EPS) of $0.09 for the current quarter, Zacks reports. Ten analysts have made estimates for Tableau Software’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.12. Tableau Software reported earnings of $0.16 per share during the same quarter last year, which would indicate a negative year over year growth rate of 43.8%. The firm is expected to announce its next earnings results after the market closes on Thursday, November 2nd.
According to Zacks, analysts expect that Tableau Software will report full-year earnings of $0.23 per share for the current year, with EPS estimates ranging from $0.16 to $0.35. For the next fiscal year, analysts anticipate that the company will post earnings of $0.21 per share, with EPS estimates ranging from ($0.43) to $0.41. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Tableau Software.
Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Wednesday, August 2nd. The software company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.15. The company had revenue of $212.90 million for the quarter, compared to the consensus estimate of $210.72 million. Tableau Software had a negative return on equity of 18.71% and a negative net margin of 17.08%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year.
A number of equities research analysts have recently weighed in on the company. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $70.00 price objective (up from $65.00) on shares of Tableau Software in a research note on Wednesday, August 9th. Barclays PLC reissued an “overweight” rating and set a $76.00 target price (up from $72.00) on shares of Tableau Software in a research note on Wednesday, August 9th. BMO Capital Markets boosted their target price on Tableau Software from $64.00 to $70.00 and gave the stock a “market perform” rating in a research note on Thursday, August 3rd. Wedbush reissued an “outperform” rating and set a $84.00 target price on shares of Tableau Software in a research note on Wednesday, October 11th. Finally, KeyCorp reaffirmed a “buy” rating and set a $85.00 price target (up from $75.00) on shares of Tableau Software in a report on Thursday, September 21st. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Tableau Software presently has an average rating of “Hold” and a consensus target price of $67.50.
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Tableau Software (NYSE DATA) opened at 78.67 on Thursday. Tableau Software has a 12 month low of $41.41 and a 12 month high of $79.73. The firm has a 50-day moving average price of $75.33 and a 200 day moving average price of $65.27. The company’s market cap is $6.22 billion.
In related news, Director William Bosworth sold 450 shares of Tableau Software stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $71.52, for a total value of $32,184.00. Following the completion of the transaction, the director now directly owns 9,099 shares in the company, valued at $650,760.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Chris Stolte sold 225,000 shares of Tableau Software stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $70.59, for a total value of $15,882,750.00. Following the completion of the transaction, the insider now owns 153,702 shares of the company’s stock, valued at $10,849,824.18. The disclosure for this sale can be found here. Insiders have sold 1,160,559 shares of company stock valued at $81,744,364 over the last 90 days. Insiders own 28.98% of the company’s stock.
Large investors have recently bought and sold shares of the stock. ETF Managers Group LLC acquired a new position in Tableau Software in the second quarter worth about $119,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Tableau Software by 12.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock worth $129,000 after purchasing an additional 231 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Tableau Software by 164.4% in the second quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock worth $139,000 after purchasing an additional 1,409 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Tableau Software by 7.9% in the second quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock worth $140,000 after purchasing an additional 167 shares in the last quarter. Finally, FNY Partners Fund LP grew its stake in Tableau Software by 14,900.0% in the first quarter. FNY Partners Fund LP now owns 3,000 shares of the software company’s stock worth $148,000 after purchasing an additional 2,980 shares in the last quarter. Institutional investors and hedge funds own 77.40% of the company’s stock.
Tableau Software Company Profile
Tableau Software, Inc (Tableau) offers software products. The Company’s products are used by people of diverse skill levels across all kinds of organizations. The Company’s products are used by people of skill levels across all kinds of organizations. Its technologies include visual query language (VizQL) and Hybrid Data Architecture.
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