Zendesk, Inc. (NYSE:ZEN) Expected to Announce Earnings of $0.15 Per Share

Equities analysts expect Zendesk, Inc. (NYSE:ZEN) to announce earnings of $0.15 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Zendesk’s earnings. The highest EPS estimate is $0.18 and the lowest is $0.11. Zendesk posted earnings of $0.14 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 7.1%. The business is scheduled to announce its next quarterly earnings report on Thursday, July 29th.

On average, analysts expect that Zendesk will report full-year earnings of $0.68 per share for the current fiscal year, with EPS estimates ranging from $0.52 to $0.79. For the next fiscal year, analysts forecast that the business will report earnings of $1.00 per share, with EPS estimates ranging from $0.76 to $1.21. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Zendesk.

Zendesk (NYSE:ZEN) last released its earnings results on Thursday, February 4th. The software maker reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.28. Zendesk had a negative return on equity of 22.55% and a negative net margin of 19.24%. The firm had revenue of $283.50 million for the quarter, compared to the consensus estimate of $277.38 million.

ZEN has been the topic of several recent research reports. Oppenheimer reaffirmed an “outperform” rating and issued a $180.00 price target (up from $170.00) on shares of Zendesk in a report on Friday, February 5th. Piper Sandler upped their price target on shares of Zendesk from $180.00 to $186.00 and gave the company an “overweight” rating in a report on Friday. Zacks Investment Research raised shares of Zendesk from a “sell” rating to a “hold” rating in a report on Thursday, April 8th. Canaccord Genuity upped their price target on shares of Zendesk from $130.00 to $180.00 and gave the company a “buy” rating in a report on Friday, February 5th. They noted that the move was a valuation call. Finally, Wolfe Research began coverage on shares of Zendesk in a report on Wednesday, April 28th. They issued an “outperform” rating and a $180.00 price target on the stock. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Zendesk currently has an average rating of “Buy” and an average price target of $153.47.

NYSE:ZEN traded down $2.09 during mid-day trading on Tuesday, hitting $142.00. The company’s stock had a trading volume of 1,534,497 shares, compared to its average volume of 1,253,933. Zendesk has a 1 year low of $70.92 and a 1 year high of $166.60. The company has a debt-to-equity ratio of 2.54, a current ratio of 2.73 and a quick ratio of 2.73. The stock has a market cap of $16.81 billion, a price-to-earnings ratio of -89.07 and a beta of 1.27. The business’s fifty day moving average is $140.65 and its two-hundred day moving average is $137.93.

In other Zendesk news, insider Inamarie Johnson sold 1,561 shares of the stock in a transaction dated Thursday, February 11th. The shares were sold at an average price of $147.94, for a total value of $230,934.34. Following the completion of the sale, the insider now owns 20,656 shares in the company, valued at approximately $3,055,848.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Geschke sold 3,000 shares of the stock in a transaction dated Tuesday, February 9th. The shares were sold at an average price of $155.18, for a total transaction of $465,540.00. Following the completion of the sale, the insider now owns 35,997 shares of the company’s stock, valued at approximately $5,586,014.46. The disclosure for this sale can be found here. Insiders sold a total of 176,917 shares of company stock worth $25,657,280 over the last ninety days. 4.30% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in ZEN. BlackRock Inc. raised its holdings in Zendesk by 22.6% in the 4th quarter. BlackRock Inc. now owns 7,294,485 shares of the software maker’s stock valued at $1,043,989,000 after acquiring an additional 1,345,316 shares during the last quarter. William Blair Investment Management LLC raised its holdings in Zendesk by 747.1% in the 4th quarter. William Blair Investment Management LLC now owns 1,105,653 shares of the software maker’s stock valued at $158,241,000 after acquiring an additional 975,127 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Zendesk by 86.4% in the 4th quarter. Alliancebernstein L.P. now owns 1,992,606 shares of the software maker’s stock valued at $285,182,000 after acquiring an additional 923,694 shares during the last quarter. Norges Bank acquired a new stake in Zendesk in the 4th quarter valued at about $79,702,000. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Zendesk by 442.5% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 543,629 shares of the software maker’s stock valued at $77,804,000 after acquiring an additional 443,430 shares during the last quarter. Institutional investors own 97.39% of the company’s stock.

Zendesk Company Profile

Zendesk, Inc, a software development company, provides software as a service solutions for organizations in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. Its flagship product is Zendesk Support, a system for tracking, prioritizing, and solving customer support tickets across various channels.

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