$227.85 Million in Sales Expected for Zendesk Inc (NYSE:ZEN) This Quarter

Wall Street brokerages predict that Zendesk Inc (NYSE:ZEN) will report $227.85 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Zendesk’s earnings, with the highest sales estimate coming in at $229.40 million and the lowest estimate coming in at $227.00 million. Zendesk reported sales of $172.25 million during the same quarter last year, which indicates a positive year-over-year growth rate of 32.3%. The company is scheduled to report its next earnings results on Tuesday, February 4th.

On average, analysts expect that Zendesk will report full-year sales of $813.22 million for the current fiscal year, with estimates ranging from $809.90 million to $815.00 million. For the next financial year, analysts expect that the company will report sales of $1.06 billion, with estimates ranging from $1.05 billion to $1.07 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Zendesk.

Zendesk (NYSE:ZEN) last released its quarterly earnings results on Tuesday, October 29th. The software maker reported ($0.20) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.08. Zendesk had a negative net margin of 21.97% and a negative return on equity of 26.50%. The company had revenue of $210.48 million during the quarter, compared to the consensus estimate of $207.40 million.

ZEN has been the subject of a number of research reports. Canaccord Genuity decreased their price target on shares of Zendesk from $105.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. William Blair reissued a “buy” rating on shares of Zendesk in a research note on Thursday, October 10th. Bank of America decreased their price target on shares of Zendesk from $105.00 to $95.00 and set a “buy” rating for the company in a research note on Wednesday, October 16th. Stifel Nicolaus decreased their price target on shares of Zendesk from $92.00 to $75.00 and set a “hold” rating for the company in a research note on Wednesday, October 30th. Finally, Zacks Investment Research raised shares of Zendesk from a “hold” rating to a “buy” rating and set a $71.00 price target for the company in a research note on Saturday, October 26th. Two investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $91.83.

In related news, SVP Norman Gennaro sold 753 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $76.69, for a total transaction of $57,747.57. Following the transaction, the senior vice president now owns 15,854 shares in the company, valued at $1,215,843.26. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Elena Gomez sold 4,500 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $77.11, for a total transaction of $346,995.00. Following the transaction, the chief financial officer now owns 21,653 shares in the company, valued at approximately $1,669,662.83. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,401 shares of company stock worth $6,593,868. Corporate insiders own 4.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Zendesk by 1.2% during the second quarter. Vanguard Group Inc. now owns 9,860,855 shares of the software maker’s stock valued at $877,912,000 after purchasing an additional 113,663 shares during the period. Price T Rowe Associates Inc. MD raised its position in Zendesk by 75.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 9,133,023 shares of the software maker’s stock worth $813,113,000 after acquiring an additional 3,920,837 shares during the period. Janus Henderson Group PLC raised its position in Zendesk by 10.3% in the second quarter. Janus Henderson Group PLC now owns 3,180,927 shares of the software maker’s stock worth $283,198,000 after acquiring an additional 296,002 shares during the period. Wells Fargo & Company MN raised its position in Zendesk by 18.4% in the second quarter. Wells Fargo & Company MN now owns 1,461,387 shares of the software maker’s stock worth $130,106,000 after acquiring an additional 227,524 shares during the period. Finally, TimesSquare Capital Management LLC raised its position in Zendesk by 15.0% in the third quarter. TimesSquare Capital Management LLC now owns 940,100 shares of the software maker’s stock worth $68,514,000 after acquiring an additional 122,600 shares during the period. Institutional investors own 94.74% of the company’s stock.

ZEN stock traded up $0.09 during trading on Tuesday, reaching $78.90. The company had a trading volume of 1,509,408 shares, compared to its average volume of 1,842,933. Zendesk has a 52 week low of $50.05 and a 52 week high of $94.89. The company has a market cap of $8.69 billion, a P/E ratio of -83.05 and a beta of 1.18. The business has a 50 day moving average of $70.93 and a 200 day moving average of $80.94. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.37 and a quick ratio of 1.37.

About Zendesk

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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