Zacks: Analysts Anticipate Zendesk Inc (ZEN) to Post $0.03 EPS

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Equities analysts predict that Zendesk Inc (NYSE:ZEN) will report earnings per share of $0.03 for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Zendesk’s earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at $0.00. Zendesk reported earnings of $0.02 per share during the same quarter last year, which would suggest a positive year over year growth rate of 50%. The business is expected to report its next quarterly earnings report on Tuesday, May 7th.

On average, analysts expect that Zendesk will report full-year earnings of $0.30 per share for the current fiscal year, with EPS estimates ranging from $0.18 to $0.36. For the next fiscal year, analysts anticipate that the business will post earnings of $0.67 per share, with EPS estimates ranging from $0.45 to $0.96. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Zendesk.

Zendesk (NYSE:ZEN) last posted its quarterly earnings data on Tuesday, February 5th. The software maker reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.38. Zendesk had a negative net margin of 21.89% and a negative return on equity of 24.19%. The firm had revenue of $172.25 million during the quarter, compared to analyst estimates of $165.56 million. During the same quarter last year, the business posted ($0.01) EPS. The company’s revenue was up 41.3% on a year-over-year basis.

A number of equities research analysts have issued reports on ZEN shares. Zacks Investment Research raised shares of Zendesk from a “hold” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Sunday, January 6th. Oppenheimer started coverage on shares of Zendesk in a research note on Thursday, January 24th. They set a “market perform” rating and a $71.70 target price for the company. Cowen lifted their target price on shares of Zendesk from $72.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, February 6th. Bank of America lifted their target price on shares of Zendesk from $68.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, February 6th. Finally, Canaccord Genuity lifted their target price on shares of Zendesk from $65.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, February 6th. Three research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $77.44.

Shares of NYSE:ZEN opened at $82.96 on Friday. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of -87.33 and a beta of 1.66. Zendesk has a 12-month low of $44.42 and a 12-month high of $83.83. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.67 and a quick ratio of 1.67.

In other news, SVP John Geschke sold 2,500 shares of Zendesk stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $82.02, for a total transaction of $205,050.00. Following the sale, the senior vice president now directly owns 21,353 shares in the company, valued at approximately $1,751,373.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mikkel Svane sold 50,000 shares of Zendesk stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $78.61, for a total transaction of $3,930,500.00. Following the sale, the chief executive officer now owns 1,470,029 shares in the company, valued at $115,558,979.69. The disclosure for this sale can be found here. Insiders have sold a total of 110,302 shares of company stock worth $8,142,103 in the last 90 days. 4.70% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the company. Flinton Capital Management LLC acquired a new stake in shares of Zendesk during the 4th quarter valued at about $30,000. Intercontinental Wealth Advisors LLC acquired a new position in Zendesk in the fourth quarter valued at about $34,000. Ipswich Investment Management Co. Inc. acquired a new position in Zendesk in the fourth quarter valued at about $41,000. Penserra Capital Management LLC boosted its position in Zendesk by 304.5% in the fourth quarter. Penserra Capital Management LLC now owns 1,440 shares of the software maker’s stock valued at $84,000 after buying an additional 1,084 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Zendesk by 383.3% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,450 shares of the software maker’s stock valued at $85,000 after buying an additional 1,150 shares in the last quarter. Institutional investors and hedge funds own 95.69% of the company’s stock.

Zendesk Company Profile

Zendesk, Inc, a software development company, provides SaaS products for organizations. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels. The company also offers Zendesk Chat, a live chat software to connect with customers on Websites, applications, and mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that powers customer self-service and support agent productivity; Zendesk Sell, a sales force automation software to enhance productivity, processes, and pipeline visibility for sales teams; Zendesk Connect that manages customer communication across channels; and Zendesk Explore, which provides analytics for businesses to measure and enhance the customer experience.

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Earnings History and Estimates for Zendesk (NYSE:ZEN)

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