Tableau Software Inc (DATA) Expected to Post Earnings of $0.03 Per Share

Analysts expect Tableau Software Inc (NYSE:DATA) to post earnings per share of $0.03 for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Tableau Software’s earnings. The highest EPS estimate is $0.08 and the lowest is ($0.02). Tableau Software reported earnings of $0.26 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 88.5%. The firm is scheduled to issue its next earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Tableau Software will report full year earnings of $0.18 per share for the current year, with EPS estimates ranging from $0.13 to $0.23. For the next year, analysts anticipate that the company will post earnings of $0.16 per share, with EPS estimates ranging from ($0.37) to $0.36. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Tableau Software.

Tableau Software (NYSE:DATA) last released its earnings results on Thursday, November 2nd. The software company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.07. The business had revenue of $214.90 million for the quarter, compared to the consensus estimate of $219.43 million. Tableau Software had a negative return on equity of 20.89% and a negative net margin of 18.76%. Tableau Software’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share.

A number of equities analysts have weighed in on DATA shares. Maxim Group reissued a “sell” rating and set a $40.00 price target on shares of Tableau Software in a research report on Friday, November 3rd. Bank of America boosted their price target on Tableau Software from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $75.00 price target (up previously from $70.00) on shares of Tableau Software in a research report on Wednesday, October 11th. KeyCorp reissued a “buy” rating and set a $85.00 price target on shares of Tableau Software in a research report on Friday, October 6th. Finally, Zacks Investment Research downgraded Tableau Software from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $72.11.

In other Tableau Software news, insider Christian Chabot sold 450,000 shares of Tableau Software stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $70.49, for a total transaction of $31,720,500.00. Following the transaction, the insider now owns 231,820 shares of the company’s stock, valued at approximately $16,340,991.80. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Adam Selipsky sold 7,272 shares of Tableau Software stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $70.67, for a total transaction of $513,912.24. Following the transaction, the chief executive officer now directly owns 237,592 shares in the company, valued at approximately $16,790,626.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 692,286 shares of company stock worth $48,819,636. 24.76% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. ETF Managers Group LLC purchased a new position in Tableau Software in the 2nd quarter valued at approximately $119,000. Invictus RG purchased a new position in Tableau Software in the 3rd quarter valued at approximately $123,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Tableau Software by 12.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,105 shares of the software company’s stock valued at $129,000 after buying an additional 231 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Tableau Software by 164.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 2,266 shares of the software company’s stock valued at $139,000 after buying an additional 1,409 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Tableau Software by 7.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,287 shares of the software company’s stock valued at $140,000 after buying an additional 167 shares in the last quarter. Institutional investors own 81.07% of the company’s stock.

Shares of Tableau Software (NYSE:DATA) traded up $1.40 during midday trading on Friday, reaching $71.61. The company’s stock had a trading volume of 640,100 shares, compared to its average volume of 569,600. The firm has a market capitalization of $5,710.00, a P/E ratio of -33.94 and a beta of 0.82. Tableau Software has a 1 year low of $43.33 and a 1 year high of $82.32.

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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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