Wall Street analysts expect Tableau Software Inc (NYSE:DATA) to post sales of $322.49 million for the current fiscal quarter, according to Zacks. Eleven analysts have made estimates for Tableau Software’s earnings. The highest sales estimate is $327.18 million and the lowest is $318.00 million. Tableau Software reported sales of $243.57 million in the same quarter last year, which would suggest a positive year over year growth rate of 32.4%. The company is scheduled to report its next earnings results on Thursday, August 1st.

On average, analysts expect that Tableau Software will report full-year sales of $1.37 billion for the current year, with estimates ranging from $1.34 billion to $1.40 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.63 billion, with estimates ranging from $1.55 billion to $1.85 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Tableau Software.

Tableau Software (NYSE:DATA) last released its quarterly earnings data on Thursday, May 2nd. The software company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.58) by $0.60. The business had revenue of $282.50 million for the quarter, compared to analysts’ expectations of $287.24 million. Tableau Software had a negative return on equity of 25.93% and a negative net margin of 27.58%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.07 EPS.

Several research firms recently issued reports on DATA. Needham & Company LLC cut Tableau Software from a “buy” rating to a “hold” rating in a research report on Monday. Zacks Investment Research cut Tableau Software from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Wedbush reaffirmed an “outperform” rating and issued a $145.00 price objective on shares of Tableau Software in a research report on Friday, May 3rd. Deutsche Bank cut Tableau Software from a “buy” rating to a “hold” rating and set a $168.99 price objective on the stock. in a research report on Monday. Finally, Citigroup lowered shares of Tableau Software from a “buy” rating to a “neutral” rating and boosted their target price for the company from $156.00 to $178.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Tableau Software currently has an average rating of “Hold” and an average target price of $141.29.

In other news, Director John Mcadam sold 15,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $121.17, for a total value of $1,817,550.00. Following the completion of the sale, the director now directly owns 31,835 shares in the company, valued at approximately $3,857,446.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Damon A. Fletcher sold 3,101 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $121.06, for a total value of $375,407.06. Following the completion of the sale, the chief financial officer now owns 48,955 shares of the company’s stock, valued at $5,926,492.30. The disclosure for this sale can be found here. Insiders sold a total of 57,781 shares of company stock valued at $6,962,045 over the last 90 days. 12.58% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of DATA. Meridian Wealth Management LLC purchased a new stake in Tableau Software in the 1st quarter worth $399,000. Marshall Wace North America L.P. bought a new position in shares of Tableau Software during the 1st quarter valued at about $1,510,000. Clearbridge Investments LLC boosted its holdings in shares of Tableau Software by 4.0% during the 1st quarter. Clearbridge Investments LLC now owns 481,491 shares of the software company’s stock valued at $61,284,000 after purchasing an additional 18,321 shares during the last quarter. Cerebellum GP LLC boosted its holdings in shares of Tableau Software by 20.2% during the 1st quarter. Cerebellum GP LLC now owns 2,568 shares of the software company’s stock valued at $327,000 after purchasing an additional 432 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of Tableau Software by 159,420.0% during the 1st quarter. Nordea Investment Management AB now owns 23,928 shares of the software company’s stock valued at $3,046,000 after purchasing an additional 23,913 shares during the last quarter. Hedge funds and other institutional investors own 88.66% of the company’s stock.

DATA stock traded up $1.32 during midday trading on Friday, hitting $165.55. The company’s stock had a trading volume of 3,077,203 shares, compared to its average volume of 1,384,661. The stock has a market capitalization of $10.79 billion, a PE ratio of -51.90 and a beta of 1.19. Tableau Software has a 12 month low of $92.01 and a 12 month high of $173.37. The company has a current ratio of 2.62, a quick ratio of 2.62 and a debt-to-equity ratio of 0.25.

Tableau Software Company Profile

Tableau Software, Inc, together with its subsidiaries, provides business analytics software products. It offers Tableau Desktop, a self-service, powerful analytics product with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; Tableau Prep, a data preparation product for combining, shaping, and cleaning data; and Tableau Public, a cloud-based platform for analyzing and sharing public data.

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Earnings History and Estimates for Tableau Software (NYSE:DATA)

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