Zacks: Brokerages Expect Cornerstone OnDemand, Inc. (CSOD) Will Announce Earnings of $0.13 Per Share

Equities research analysts expect that Cornerstone OnDemand, Inc. (NASDAQ:CSOD) will report $0.13 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Cornerstone OnDemand’s earnings, with estimates ranging from $0.08 to $0.17. Cornerstone OnDemand reported earnings of $0.02 per share in the same quarter last year, which indicates a positive year over year growth rate of 550%. The business is expected to report its next earnings report on Thursday, August 2nd.

According to Zacks, analysts expect that Cornerstone OnDemand will report full year earnings of $0.71 per share for the current financial year, with EPS estimates ranging from $0.53 to $0.92. For the next year, analysts forecast that the business will report earnings of $1.10 per share, with EPS estimates ranging from $0.91 to $1.31. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Cornerstone OnDemand.

Cornerstone OnDemand (NASDAQ:CSOD) last released its quarterly earnings results on Tuesday, May 8th. The software maker reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.08. The business had revenue of $133.11 million for the quarter, compared to analysts’ expectations of $126.95 million. Cornerstone OnDemand had a negative net margin of 12.18% and a negative return on equity of 119.83%. The firm’s revenue for the quarter was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 earnings per share.



Several analysts recently weighed in on CSOD shares. JPMorgan Chase & Co. lifted their price target on shares of Cornerstone OnDemand from $37.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. BidaskClub upgraded shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating in a report on Friday, April 13th. Needham & Company LLC reiterated a “strong-buy” rating and issued a $55.00 price target (up previously from $48.00) on shares of Cornerstone OnDemand in a report on Wednesday, March 14th. B. Riley boosted their target price on shares of Cornerstone OnDemand to $49.00 and gave the company a “buy” rating in a report on Wednesday, March 14th. Finally, Bank of America boosted their target price on shares of Cornerstone OnDemand from $50.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, April 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $49.89.

NASDAQ:CSOD traded up $0.44 during trading hours on Friday, hitting $51.83. The company had a trading volume of 292,300 shares, compared to its average volume of 560,899. The stock has a market cap of $2.90 billion, a P/E ratio of -74.04 and a beta of 0.56. Cornerstone OnDemand has a 52 week low of $33.24 and a 52 week high of $52.00. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 8.85.

In related news, CEO Adam L. Miller sold 6,000 shares of the company’s stock in a transaction dated Tuesday, March 20th. The shares were sold at an average price of $42.53, for a total value of $255,180.00. Following the transaction, the chief executive officer now owns 3,514,268 shares in the company, valued at approximately $149,461,818.04. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Adam L. Miller sold 8,000 shares of the company’s stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $50.76, for a total transaction of $406,080.00. Following the completion of the transaction, the chief executive officer now owns 3,482,268 shares in the company, valued at approximately $176,759,923.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,158 shares of company stock worth $3,920,124. Company insiders own 11.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in CSOD. Bank of Montreal Can boosted its stake in Cornerstone OnDemand by 25.8% in the 4th quarter. Bank of Montreal Can now owns 41,538 shares of the software maker’s stock worth $1,467,000 after purchasing an additional 8,532 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Cornerstone OnDemand by 2.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 257,740 shares of the software maker’s stock worth $9,106,000 after purchasing an additional 5,200 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Cornerstone OnDemand by 3.5% in the 4th quarter. Victory Capital Management Inc. now owns 489,619 shares of the software maker’s stock worth $17,298,000 after purchasing an additional 16,680 shares in the last quarter. Aperio Group LLC boosted its stake in Cornerstone OnDemand by 19.8% in the 4th quarter. Aperio Group LLC now owns 14,326 shares of the software maker’s stock worth $506,000 after purchasing an additional 2,371 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in Cornerstone OnDemand in the 4th quarter worth about $628,000. Institutional investors own 95.04% of the company’s stock.

About Cornerstone OnDemand

Cornerstone OnDemand, Inc, together with its subsidiaries, provides learning and human capital management software through software-as-a-service model worldwide. Its enterprise human capital management platform comprises four product suites, such as Recruiting Suite that helps organizations to source and attract candidates, assess and select applicants, onboard new hires, and manage the entire recruiting process; Learning Suite, which enables clients to manage training and development programs, knowledge sharing and collaboration among employees, track compliance requirements, and support career development for employees; Performance Suite that provides tools to manage goal setting, performance reviews, competency assessments, development plans, continuous feedback, compensation management, and succession planning; and HR Administration Suite, which supports employee records administration, organizational management, employee and manager self-service, workforce planning, and compliance reporting.

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Earnings History and Estimates for Cornerstone OnDemand (NASDAQ:CSOD)

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