Zacks: Analysts Anticipate Zendesk Inc (ZEN) Will Post Quarterly Sales of $152.08 Million

Analysts forecast that Zendesk Inc (NYSE:ZEN) will report sales of $152.08 million for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Zendesk’s earnings. The highest sales estimate is $153.00 million and the lowest is $151.00 million. Zendesk reported sales of $112.79 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 34.8%. The business is scheduled to report its next earnings report after the market closes on Tuesday, October 30th.

On average, analysts expect that Zendesk will report full-year sales of $586.17 million for the current year, with estimates ranging from $584.20 million to $588.00 million. For the next financial year, analysts anticipate that the firm will report sales of $770.24 million, with estimates ranging from $752.50 million to $803.70 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Zendesk.

Zendesk (NYSE:ZEN) last released its quarterly earnings data on Tuesday, July 31st. The software maker reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.29. The business had revenue of $141.88 million during the quarter, compared to analyst estimates of $137.96 million. Zendesk had a negative return on equity of 28.60% and a negative net margin of 23.24%.



ZEN has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on Zendesk in a research note on Monday, October 1st. They set a “buy” rating and a $82.00 price objective for the company. Bank of America lifted their price objective on Zendesk from $64.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, July 23rd. Deutsche Bank initiated coverage on Zendesk in a research note on Monday, October 8th. They set a “buy” rating and a $85.00 price objective for the company. Stifel Nicolaus lifted their price objective on Zendesk from $50.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, August 1st. Finally, KeyCorp lifted their price target on Zendesk from $58.00 to $71.00 and gave the company an “overweight” rating in a research note on Wednesday, August 1st. Four investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $64.82.

In other Zendesk news, COO John T. Keiser sold 1,489 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $62.10, for a total transaction of $92,466.90. Following the completion of the sale, the chief operating officer now directly owns 25,452 shares in the company, valued at approximately $1,580,569.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Elena Gomez sold 1,092 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $60.79, for a total value of $66,382.68. Following the sale, the chief financial officer now owns 16,666 shares of the company’s stock, valued at $1,013,126.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,704 shares of company stock valued at $7,476,072. 4.70% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of ZEN. Catalyst Capital Advisors LLC increased its stake in Zendesk by 2,509.9% during the 2nd quarter. Catalyst Capital Advisors LLC now owns 2,114 shares of the software maker’s stock worth $115,000 after buying an additional 2,033 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Zendesk during the 2nd quarter worth approximately $180,000. Cerebellum GP LLC purchased a new stake in Zendesk during the 2nd quarter worth approximately $182,000. Tower Research Capital LLC TRC purchased a new stake in Zendesk during the 2nd quarter worth approximately $193,000. Finally, BB&T Securities LLC purchased a new stake in Zendesk during the 2nd quarter worth approximately $200,000. Institutional investors own 91.96% of the company’s stock.

Shares of NYSE ZEN traded up $0.41 during trading on Tuesday, reaching $54.60. 1,438,522 shares of the company traded hands, compared to its average volume of 1,666,130. The firm has a market capitalization of $5.90 billion, a P/E ratio of -53.01 and a beta of 1.61. Zendesk has a 12-month low of $29.57 and a 12-month high of $72.76. The company has a debt-to-equity ratio of 1.10, a quick ratio of 2.74 and a current ratio of 2.74.

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, 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.

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Earnings History and Estimates for Zendesk (NYSE:ZEN)

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