-$0.15 Earnings Per Share Expected for SVMK Inc (NASDAQ:SVMK) This Quarter

Brokerages expect SVMK Inc (NASDAQ:SVMK) to post earnings per share (EPS) of ($0.15) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for SVMK’s earnings. The lowest EPS estimate is ($0.16) and the highest is ($0.14). SVMK reported earnings per share of ($0.01) during the same quarter last year, which indicates a negative year over year growth rate of 1,400%. The firm is scheduled to announce its next earnings results on Tuesday, November 12th.

On average, analysts expect that SVMK will report full-year earnings of ($0.59) per share for the current fiscal year, with EPS estimates ranging from ($0.60) to ($0.57). For the next fiscal year, analysts anticipate that the firm will post earnings of ($0.43) per share, with EPS estimates ranging from ($0.44) to ($0.42). Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow SVMK.

SVMK (NASDAQ:SVMK) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. SVMK had a negative return on equity of 25.79% and a negative net margin of 59.16%. The company had revenue of $75.14 million for the quarter, compared to analysts’ expectations of $72.72 million. During the same period last year, the firm earned ($0.02) earnings per share. SVMK’s quarterly revenue was up 19.8% on a year-over-year basis.



A number of analysts have weighed in on SVMK shares. SunTrust Banks restated a “buy” rating and issued a $22.00 price target on shares of SVMK in a research note on Tuesday, July 30th. UBS Group upgraded SVMK from a “neutral” rating to a “buy” rating and raised their price target for the company from $18.00 to $24.00 in a research note on Friday, August 2nd. Finally, Zacks Investment Research cut SVMK from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $17.88.

In other SVMK news, CEO Alexander J. Lurie sold 108,889 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $16.87, for a total transaction of $1,836,957.43. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Dharti Patel sold 1,720 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $17.30, for a total value of $29,756.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,772,639 shares of company stock worth $75,901,324. Corporate insiders own 26.30% of the company’s stock.

Hedge funds have recently modified their holdings of the business. FMR LLC grew its holdings in shares of SVMK by 341.2% during the first quarter. FMR LLC now owns 14,186,773 shares of the company’s stock worth $258,342,000 after buying an additional 10,971,548 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of SVMK by 297.5% during the second quarter. Vanguard Group Inc. now owns 6,801,698 shares of the company’s stock worth $112,295,000 after buying an additional 5,090,392 shares during the last quarter. BlackRock Inc. grew its holdings in shares of SVMK by 168.8% during the second quarter. BlackRock Inc. now owns 6,252,007 shares of the company’s stock worth $103,220,000 after buying an additional 3,925,894 shares during the last quarter. Miura Global Management LLC grew its holdings in shares of SVMK by 400.0% during the first quarter. Miura Global Management LLC now owns 3,500,000 shares of the company’s stock worth $63,735,000 after buying an additional 2,800,000 shares during the last quarter. Finally, Legion Partners Asset Management LLC purchased a new position in shares of SVMK during the second quarter worth about $31,477,000. 76.68% of the stock is currently owned by institutional investors.

SVMK stock traded down $0.40 during midday trading on Tuesday, reaching $17.30. The company’s stock had a trading volume of 51,568 shares, compared to its average volume of 1,233,651. SVMK has a fifty-two week low of $10.05 and a fifty-two week high of $20.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.03. The company has a market cap of $2.36 billion and a P/E ratio of -12.10. The business has a 50-day simple moving average of $17.74 and a 200-day simple moving average of $16.90.

About SVMK

SVMK Inc provides survey software products and purpose-built solutions that enable organizations to engage with their customers, employees, and the markets they serve in the United States and internationally. Its cloud-based SaaS platform helps individuals and organizations to design and distribute surveys that generate an average of approximately 20 million answered questions daily across approximately 190 countries and territories.

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