Brokerages Anticipate Zendesk Inc (ZEN) Will Post Earnings of -$0.04 Per Share

Brokerages expect that Zendesk Inc (NYSE:ZEN) will report earnings per share (EPS) of ($0.04) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Zendesk’s earnings, with estimates ranging from ($0.05) to ($0.03). Zendesk also posted earnings per share of ($0.04) during the same quarter last year. The company is expected to report its next quarterly earnings results after the market closes on Tuesday, February 6th.

On average, analysts expect that Zendesk will report full year earnings of ($0.16) per share for the current fiscal year, with EPS estimates ranging from ($0.18) to ($0.15). For the next fiscal year, analysts forecast that the firm will report earnings of ($0.04) per share, with EPS estimates ranging from ($0.12) to $0.05. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Zendesk.

Zendesk (NYSE:ZEN) last announced its earnings results on Wednesday, November 1st. The software maker reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.04. The company had revenue of $112.79 million for the quarter, compared to analyst estimates of $109.19 million. Zendesk had a negative return on equity of 32.50% and a negative net margin of 27.43%. The firm’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter last year, the company earned ($0.04) earnings per share.

A number of research firms have commented on ZEN. ValuEngine lowered Zendesk from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd. UBS Group restated a “neutral” rating and set a $38.00 price objective (up previously from $37.00) on shares of Zendesk in a research note on Thursday, November 9th. Royal Bank of Canada restated a “buy” rating and set a $42.00 price objective on shares of Zendesk in a research note on Wednesday, January 17th. Canaccord Genuity raised their price objective on Zendesk from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. Finally, Zacks Investment Research upgraded Zendesk from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Sunday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. Zendesk presently has a consensus rating of “Buy” and a consensus price target of $35.07.

In other Zendesk news, SVP John Geschke sold 30,200 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $34.36, for a total value of $1,037,672.00. Following the sale, the senior vice president now owns 16,195 shares of the company’s stock, valued at approximately $556,460.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Mikkel Svane sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $34.31, for a total value of $1,715,500.00. Following the completion of the sale, the chairman now directly owns 1,734,891 shares in the company, valued at approximately $59,524,110.21. The disclosure for this sale can be found here. In the last ninety days, insiders sold 165,833 shares of company stock worth $5,778,410. Company insiders own 5.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board acquired a new stake in shares of Zendesk during the 3rd quarter valued at $105,000. Advisor Group Inc. boosted its holdings in shares of Zendesk by 44.3% during the 2nd quarter. Advisor Group Inc. now owns 3,701 shares of the software maker’s stock valued at $103,000 after acquiring an additional 1,137 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Zendesk by 10.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,887 shares of the software maker’s stock valued at $108,000 after acquiring an additional 352 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Zendesk by 8.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,998 shares of the software maker’s stock valued at $111,000 after acquiring an additional 323 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Zendesk during the 3rd quarter valued at $193,000. 94.82% of the stock is currently owned by institutional investors.

Zendesk (ZEN) traded up $0.17 during trading on Monday, reaching $37.24. The company’s stock had a trading volume of 820,768 shares, compared to its average volume of 748,021. Zendesk has a 12-month low of $22.88 and a 12-month high of $38.83. The company has a market cap of $3,750.00, a price-to-earnings ratio of -33.85 and a beta of 1.83.

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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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