Tableau Software (DATA) Expected to Announce Quarterly Sales of $236.36 Million

Analysts predict that Tableau Software (NYSE:DATA) will post sales of $236.36 million for the current quarter, according to Zacks. Ten analysts have issued estimates for Tableau Software’s earnings. The highest sales estimate is $239.00 million and the lowest is $234.92 million. Tableau Software posted sales of $212.88 million during the same quarter last year, which suggests a positive year-over-year growth rate of 11%. The firm is expected to report its next earnings report on Wednesday, August 1st.

On average, analysts expect that Tableau Software will report full-year sales of $971.99 million for the current fiscal year, with estimates ranging from $960.78 million to $980.00 million. For the next year, analysts anticipate that the company will post sales of $1.10 billion per share, with estimates ranging from $1.06 billion to $1.16 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Tableau Software.

Tableau Software (NYSE:DATA) last announced its earnings results on Wednesday, May 2nd. The software company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.01). Tableau Software had a negative net margin of 19.21% and a negative return on equity of 23.86%. The company had revenue of $224.00 million during the quarter, compared to analyst estimates of $217.92 million. During the same quarter last year, the business earned $0.03 EPS. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year.

Several analysts have recently issued reports on DATA shares. Monness Crespi & Hardt started coverage on shares of Tableau Software in a research report on Wednesday, April 11th. They issued a “neutral” rating on the stock. Barclays restated a “buy” rating and set a $102.00 price target on shares of Tableau Software in a research report on Sunday, April 22nd. Mizuho restated a “neutral” rating and set a $85.00 price target (up from $68.00) on shares of Tableau Software in a research report on Thursday, February 1st. Needham & Company LLC restated a “buy” rating and set a $125.00 price target (up from $113.00) on shares of Tableau Software in a research report on Thursday, May 3rd. Finally, BMO Capital Markets boosted their price target on shares of Tableau Software from $92.00 to $102.00 and gave the stock an “outperform” rating in a research report on Thursday, May 3rd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $94.22.

Shares of Tableau Software opened at $93.49 on Friday, according to Marketbeat.com. Tableau Software has a 52-week low of $91.94 and a 52-week high of $93.23. The stock has a market capitalization of $7.54 billion, a PE ratio of -39.95 and a beta of 0.78.

In other Tableau Software news, CEO Adam Selipsky sold 1,600 shares of Tableau Software stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $82.25, for a total transaction of $131,600.00. Following the transaction, the chief executive officer now directly owns 298,149 shares of the company’s stock, valued at $24,522,755.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Elissa Fink sold 2,500 shares of Tableau Software stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $94.87, for a total transaction of $237,175.00. Following the transaction, the chief marketing officer now directly owns 83,882 shares in the company, valued at $7,957,885.34. The disclosure for this sale can be found here. Insiders have sold 845,350 shares of company stock worth $76,968,042 over the last ninety days. 28.98% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in DATA. Dimensional Fund Advisors LP raised its stake in shares of Tableau Software by 7.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 158,187 shares of the software company’s stock valued at $11,846,000 after acquiring an additional 11,579 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Tableau Software by 6.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 270,798 shares of the software company’s stock valued at $18,740,000 after acquiring an additional 15,841 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Tableau Software in the 4th quarter valued at approximately $352,000. Hollencrest Capital Management raised its stake in shares of Tableau Software by 11.4% in the 4th quarter. Hollencrest Capital Management now owns 21,913 shares of the software company’s stock valued at $1,516,000 after acquiring an additional 2,234 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Tableau Software by 871.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,486 shares of the software company’s stock valued at $102,000 after acquiring an additional 1,333 shares during the period. 83.10% of the stock is currently owned by institutional investors and hedge funds.

About Tableau Software

Tableau Software, Inc provides business analytics software products. It offers Tableau Desktop, an analytics product that empowers people to access and analyze data; and Tableau Server, a business intelligence platform with data management and scalability to foster sharing of analytics, as well as to enhance the dissemination of information in an organization and promote decision-making.

Get a free copy of the Zacks research report on Tableau Software (DATA)

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

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

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit