Zendesk Inc (NYSE:ZEN) Forecasted to Earn Q1 2020 Earnings of ($0.14) Per Share

Zendesk Inc (NYSE:ZEN) – Equities research analysts at Wedbush issued their Q1 2020 earnings per share estimates for shares of Zendesk in a research report issued to clients and investors on Monday, April 29th, Zacks Investment Research reports. Wedbush analyst S. Koenig anticipates that the software maker will post earnings of ($0.14) per share for the quarter. Wedbush has a “Outperform” rating and a $93.00 price objective on the stock. Wedbush also issued estimates for Zendesk’s Q2 2020 earnings at ($0.11) EPS, Q3 2020 earnings at ($0.09) EPS, Q4 2020 earnings at ($0.06) EPS and FY2020 earnings at ($0.40) EPS.

Zendesk (NYSE:ZEN) last issued its quarterly earnings results on Tuesday, April 30th. The software maker reported ($0.28) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.28). Zendesk had a negative net margin of 22.52% and a negative return on equity of 25.37%. The company had revenue of $181.48 million during the quarter, compared to the consensus estimate of $179.53 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The firm’s quarterly revenue was up 39.8% on a year-over-year basis.

ZEN has been the subject of a number of other research reports. Morgan Stanley lifted their price target on shares of Zendesk from $97.00 to $102.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 1st. KeyCorp lifted their price target on shares of Zendesk from $71.00 to $92.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 6th. Bank of America reiterated a “buy” rating and issued a $105.00 price target (up previously from $100.00) on shares of Zendesk in a research note on Wednesday, May 1st. Craig Hallum lifted their price target on shares of Zendesk from $68.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, February 6th. Finally, Zacks Investment Research downgraded shares of Zendesk from a “buy” rating to a “hold” rating and set a $98.00 price target for the company. in a research note on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $90.93.

Zendesk stock traded down $1.04 during trading on Thursday, reaching $87.96. The stock had a trading volume of 908,635 shares, compared to its average volume of 1,804,451. Zendesk has a 52-week low of $45.60 and a 52-week high of $90.00. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $9.75 billion, a P/E ratio of -92.59 and a beta of 1.64.

Institutional investors have recently made changes to their positions in the company. Flinton Capital Management LLC acquired a new position in shares of Zendesk in the 4th quarter valued at $30,000. Intercontinental Wealth Advisors LLC purchased a new position in Zendesk in the 4th quarter valued at $34,000. Capital Investment Advisory Services LLC purchased a new position in Zendesk in the 1st quarter valued at $34,000. Ipswich Investment Management Co. Inc. purchased a new position in Zendesk in the 4th quarter valued at $41,000. Finally, Sageworth Trust Co purchased a new position in Zendesk in the 1st quarter valued at $42,000. 94.16% of the stock is currently owned by institutional investors and hedge funds.

In other news, SVP Norman Gennaro sold 752 shares of Zendesk stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $78.06, for a total value of $58,701.12. Following the transaction, the senior vice president now directly owns 11,073 shares of the company’s stock, valued at approximately $864,358.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mikkel Svane sold 50,000 shares of Zendesk stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $78.61, for a total transaction of $3,930,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,470,029 shares in the company, valued at $115,558,979.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 142,688 shares of company stock worth $11,698,604. 4.60% of the stock is owned by corporate insiders.

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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