Zendesk, Inc. (NYSE:ZEN) Expected to Post Earnings of $0.11 Per Share

Wall Street brokerages forecast that Zendesk, Inc. (NYSE:ZENGet Rating) will announce earnings per share (EPS) of $0.11 for the current quarter, Zacks reports. Five analysts have made estimates for Zendesk’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.12. Zendesk reported earnings of $0.13 per share during the same quarter last year, which would indicate a negative year over year growth rate of 15.4%. The firm is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Zendesk will report full-year earnings of $0.72 per share for the current year, with EPS estimates ranging from $0.62 to $0.80. For the next fiscal year, analysts anticipate that the company will post earnings of $1.08 per share, with EPS estimates ranging from $0.93 to $1.28. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Zendesk.

Zendesk (NYSE:ZENGet Rating) last released its earnings results on Thursday, April 28th. The software maker reported $0.12 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.03). Zendesk had a negative return on equity of 36.18% and a negative net margin of 16.91%. The company had revenue of $388.30 million for the quarter, compared to analyst estimates of $384.62 million. During the same period in the previous year, the firm earned ($0.29) earnings per share. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year.

Several research firms recently commented on ZEN. Zacks Investment Research cut Zendesk from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 14th. Wolfe Research cut Zendesk from an “outperform” rating to a “peer perform” rating and set a $130.00 price objective for the company. in a research report on Sunday, February 13th. Piper Sandler upped their price objective on Zendesk from $112.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, February 11th. StockNews.com initiated coverage on Zendesk in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, UBS Group upped their price objective on Zendesk from $117.00 to $128.00 in a research report on Friday, February 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $134.30.

ZEN traded down $3.85 on Friday, hitting $113.88. 2,158,701 shares of the company were exchanged, compared to its average volume of 2,045,101. Zendesk has a twelve month low of $87.90 and a twelve month high of $153.43. The company has a market cap of $13.95 billion, a price-to-earnings ratio of -56.94 and a beta of 0.94. The company has a current ratio of 1.62, a quick ratio of 1.56 and a debt-to-equity ratio of 3.47. The firm has a 50-day moving average price of $120.33 and a two-hundred day moving average price of $109.55.

In other Zendesk news, CTO Adrian Mcdermott sold 9,761 shares of the stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $120.25, for a total transaction of $1,173,760.25. Following the completion of the sale, the chief technology officer now directly owns 92,760 shares of the company’s stock, valued at approximately $11,154,390. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Norman Gennaro sold 7,000 shares of the stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $123.85, for a total value of $866,950.00. Following the sale, the insider now directly owns 31,823 shares of the company’s stock, valued at $3,941,278.55. The disclosure for this sale can be found here. Insiders have sold a total of 89,233 shares of company stock worth $10,518,804 in the last 90 days. 3.60% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC acquired a new stake in Zendesk during the 4th quarter worth approximately $26,000. Quadrant Capital Group LLC lifted its holdings in shares of Zendesk by 102.3% in the 4th quarter. Quadrant Capital Group LLC now owns 259 shares of the software maker’s stock valued at $27,000 after buying an additional 131 shares during the period. Prospera Financial Services Inc acquired a new stake in shares of Zendesk in the 1st quarter valued at approximately $33,000. Capital Advisory Group Advisory Services LLC acquired a new stake in shares of Zendesk in the 1st quarter valued at approximately $34,000. Finally, Allworth Financial LP lifted its holdings in shares of Zendesk by 59.3% in the 1st quarter. Allworth Financial LP now owns 325 shares of the software maker’s stock valued at $39,000 after buying an additional 121 shares during the period. 98.72% of the stock is owned by institutional investors.

Zendesk Company Profile (Get Rating)

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

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