Analysts Expect Zendesk, Inc. (NYSE:ZEN) Will Post Earnings of -$0.27 Per Share

Equities analysts forecast that Zendesk, Inc. (NYSE:ZEN) will post earnings of ($0.27) per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Zendesk’s earnings, with the highest EPS estimate coming in at ($0.26) and the lowest estimate coming in at ($0.28). Zendesk posted earnings per share of ($0.26) during the same quarter last year, which indicates a negative year over year growth rate of 3.8%. The firm is expected to announce its next earnings results after the market closes on Thursday, August 3rd.

On average, 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 anticipate that the firm will post earnings of ($1.02) per share, with EPS estimates ranging from ($1.14) to ($0.80). Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Zendesk.

Zendesk (NYSE:ZEN) last posted its earnings results on Thursday, May 4th. The software maker reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. The business had revenue of $93.01 million for the quarter, compared to analyst estimates of $92.46 million. Zendesk had a negative net margin of 30.79% and a negative return on equity of 31.90%. The business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.08) EPS.

Several analysts recently issued reports on the stock. UBS AG reaffirmed a “buy” rating and set a $38.00 price objective (up from $36.00) on shares of Zendesk in a report on Friday, May 5th. Zacks Investment Research raised shares of Zendesk from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Guggenheim began coverage on shares of Zendesk in a report on Wednesday, April 12th. They issued a “buy” rating for the company. They noted that the move was a valuation call. Stifel Nicolaus reissued a “hold” rating on shares of Zendesk in a report on Friday. Finally, BidaskClub downgraded shares of Zendesk from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 29th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $33.00.

In other news, CEO Mikkel Svane sold 50,000 shares of the firm’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $27.20, for a total value of $1,360,000.00. Following the transaction, the chief executive officer now owns 1,777,268 shares of the company’s stock, valued at approximately $48,341,689.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elena Gomez sold 1,780 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $27.17, for a total transaction of $48,362.60. The disclosure for this sale can be found here. Insiders sold a total of 145,475 shares of company stock valued at $3,963,405 in the last 90 days. Corporate insiders own 5.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ZEN. BlackRock Inc. raised its position in Zendesk by 81,570.3% in the first quarter. BlackRock Inc. now owns 5,702,221 shares of the software maker’s stock valued at $159,888,000 after buying an additional 5,695,239 shares during the last quarter. Jericho Capital Asset Management L.P. raised its position in shares of 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 raised its position in shares of 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. raised its position in shares of 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 raised its position in shares of 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. 92.12% of the stock is currently owned by institutional investors and hedge funds.

Shares of Zendesk (NYSE:ZEN) traded up 2.47% during trading on Friday, reaching $29.88. 552,798 shares of the company’s stock were exchanged. Zendesk has a 52-week low of $19.77 and a 52-week high of $31.88. The company has a 50 day moving average of $27.72 and a 200 day moving average of $26.80. The firm’s market capitalization is $2.96 billion.

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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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