Equities analysts forecast that Zendesk Inc (NYSE:ZEN) will post $0.06 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Zendesk’s earnings. The lowest EPS estimate is $0.06 and the highest is $0.07. Zendesk reported earnings per share of $0.09 during the same quarter last year, which would indicate a negative year over year growth rate of 33.3%. The company is scheduled to announce its next earnings report on Tuesday, October 29th.

According to Zacks, analysts expect that Zendesk will report full-year earnings of $0.27 per share for the current fiscal year, with EPS estimates ranging from $0.22 to $0.30. For the next fiscal year, analysts forecast that the company will post earnings of $0.58 per share, with EPS estimates ranging from $0.49 to $0.72. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Zendesk.

Zendesk (NYSE:ZEN) last announced its earnings results on Tuesday, July 30th. The software maker reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.33. Zendesk had a negative return on equity of 27.44% and a negative net margin of 23.70%. The firm had revenue of $194.58 million during the quarter, compared to the consensus estimate of $192.47 million. During the same quarter in the prior year, the company earned $0.03 EPS. The firm’s revenue for the quarter was up 37.1% compared to the same quarter last year.

Several brokerages recently weighed in on ZEN. Jefferies Financial Group increased their target price on Zendesk from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. KeyCorp restated a “buy” rating and set a $108.00 target price (up previously from $102.00) on shares of Zendesk in a research note on Tuesday, July 30th. ValuEngine downgraded Zendesk from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada decreased their target price on Zendesk from $109.00 to $106.00 and set an “outperform” rating for the company in a research note on Tuesday, September 3rd. Finally, UBS Group set a $98.00 target price on Zendesk and gave the company a “hold” rating in a research note on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Zendesk presently has an average rating of “Buy” and a consensus price target of $98.09.

In other news, CEO Mikkel Svane sold 50,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $74.96, for a total value of $3,748,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,377,934 shares of the company’s stock, valued at approximately $103,289,932.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Elena Gomez sold 4,500 shares of the stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $77.53, for a total value of $348,885.00. Following the completion of the transaction, the chief financial officer now directly owns 22,414 shares of the company’s stock, valued at $1,737,757.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 252,852 shares of company stock valued at $19,686,691. Insiders own 4.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Cerebellum GP LLC raised its holdings in shares of Zendesk by 3.7% in the 3rd quarter. Cerebellum GP LLC now owns 3,905 shares of the software maker’s stock worth $132,000 after buying an additional 141 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd acquired a new position in shares of Zendesk in the 2nd quarter worth approximately $25,000. Treasurer of the State of North Carolina raised its holdings in shares of Zendesk by 2.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 44,734 shares of the software maker’s stock worth $3,983,000 after buying an additional 1,204 shares in the last quarter. Harvest Fund Management Co. Ltd raised its holdings in shares of Zendesk by 20.5% in the 2nd quarter. Harvest Fund Management Co. Ltd now owns 2,844 shares of the software maker’s stock worth $253,000 after buying an additional 484 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Zendesk by 7.6% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 9,567 shares of the software maker’s stock worth $852,000 after buying an additional 677 shares in the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

NYSE:ZEN traded up $1.29 during mid-day trading on Wednesday, hitting $73.68. 51,807 shares of the company’s stock traded hands, compared to its average volume of 1,741,365. The firm has a 50 day moving average of $76.68 and a two-hundred day moving average of $83.74. Zendesk has a 12 month low of $45.60 and a 12 month high of $94.89. The firm has a market capitalization of $8.30 billion, a price-to-earnings ratio of -77.53 and a beta of 1.22. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.23.

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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