Zendesk Inc (ZEN) Expected to Announce Earnings of $0.03 Per Share

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Equities analysts expect that Zendesk Inc (NYSE:ZEN) will report earnings per share of $0.03 for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for Zendesk’s earnings, with the lowest EPS estimate coming in at $0.00 and the highest estimate coming in at $0.06. Zendesk posted earnings of ($0.01) per share during the same quarter last year, which would indicate a positive year over year growth rate of 400%. The business is expected to announce its next quarterly earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that Zendesk will report full year earnings of $0.16 per share for the current fiscal year, with EPS estimates ranging from $0.14 to $0.20. For the next year, analysts forecast that the business will post earnings of $0.31 per share, with EPS estimates ranging from $0.16 to $0.46. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Zendesk.

Zendesk (NYSE:ZEN) last released its quarterly earnings data on Tuesday, October 30th. The software maker reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.05. The firm had revenue of $154.83 million for the quarter, compared to the consensus estimate of $151.78 million. Zendesk had a negative net margin of 22.64% and a negative return on equity of 26.15%. The firm’s revenue was up 37.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.02) earnings per share.

A number of analysts recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Zendesk from $60.00 to $68.00 and gave the stock a “hold” rating in a report on Tuesday, September 11th. Jefferies Financial Group assumed coverage on shares of Zendesk in a report on Monday, October 1st. They set a “buy” rating and a $82.00 price objective on the stock. Morgan Stanley boosted their price objective on shares of Zendesk from $72.00 to $84.00 and gave the stock an “overweight” rating in a report on Tuesday, September 18th. Deutsche Bank began coverage on shares of Zendesk in a report on Monday, October 8th. They set a “buy” rating and a $85.00 price objective on the stock. Finally, Wedbush began coverage on shares of Zendesk in a report on Thursday. They issued an “outperform” rating and a $71.00 price target on the stock. Four research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $66.11.

ZEN stock opened at $58.40 on Friday. The stock has a market cap of $6.41 billion, a P/E ratio of -56.70 and a beta of 1.85. Zendesk has a 52 week low of $33.13 and a 52 week high of $72.76. The company has a current ratio of 1.78, a quick ratio of 1.79 and a debt-to-equity ratio of 1.12.

In related news, insider Adrian Mcdermott sold 1,809 shares of the company’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $68.46, for a total transaction of $123,844.14. Following the transaction, the insider now owns 80,267 shares of the company’s stock, valued at $5,495,078.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elena Gomez sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $70.00, for a total transaction of $280,000.00. Following the transaction, the chief financial officer now directly owns 20,614 shares in the company, valued at approximately $1,442,980. The disclosure for this sale can be found here. Insiders sold 113,325 shares of company stock worth $6,563,500 in the last ninety days. Insiders own 4.70% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale lifted its stake in shares of Zendesk by 79.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,086 shares of the software maker’s stock valued at $145,000 after buying an additional 926 shares during the period. Catalyst Capital Advisors LLC lifted its stake in shares of Zendesk by 2,509.9% during the second quarter. Catalyst Capital Advisors LLC now owns 2,114 shares of the software maker’s stock valued at $115,000 after buying an additional 2,033 shares during the period. Harvest Fund Management Co. Ltd lifted its stake in shares of Zendesk by 211.8% during the third quarter. Harvest Fund Management Co. Ltd now owns 2,242 shares of the software maker’s stock valued at $159,000 after buying an additional 1,523 shares during the period. Ibex Investors LLC purchased a new position in shares of Zendesk during the third quarter valued at approximately $219,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Zendesk during the second quarter valued at approximately $180,000. 92.86% of the stock is currently owned by institutional investors and hedge funds.

About Zendesk

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, in applications, and on mobile devices; Zendesk Talk, a cloud-based call center software; Zendesk Guide, a knowledge base that for customer self-service and support agent productivity; Zendesk Message, a customer messaging software; and Zendesk Explore that makes customer data accessible across an organization.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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