Brokerages Anticipate SVMK Inc (NASDAQ:SVMK) Will Announce Earnings of -$0.04 Per Share

Analysts expect that SVMK Inc (NASDAQ:SVMK) will report ($0.04) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have made estimates for SVMK’s earnings, with the lowest EPS estimate coming in at ($0.04) and the highest estimate coming in at ($0.03). SVMK reported earnings of ($0.01) per share in the same quarter last year, which indicates a negative year-over-year growth rate of 300%. The firm is expected to announce its next quarterly earnings results on Tuesday, November 12th.

According to Zacks, analysts expect that SVMK will report full year earnings of ($0.10) per share for the current fiscal year, with EPS estimates ranging from ($0.12) to ($0.09). For the next financial year, analysts forecast that the business will report earnings of ($0.05) per share, with EPS estimates ranging from ($0.06) to ($0.03). Zacks’ EPS calculations are a mean average based on a survey of research firms that cover SVMK.

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

Several brokerages recently weighed in on SVMK. SunTrust Banks reaffirmed a “buy” rating and set a $22.00 price target on shares of SVMK in a report on Tuesday, July 30th. Zacks Investment Research downgraded SVMK from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th. Finally, UBS Group raised SVMK from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.00 to $24.00 in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $17.88.

In related news, CEO Alexander J. Lurie sold 108,889 shares of the stock in a transaction on 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 filing with the Securities & Exchange Commission, which is available through this link. Also, insider John S. Schoenstein sold 4,058 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $17.30, for a total value of $70,203.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,722,575 shares of company stock valued at $75,029,434. Corporate insiders own 26.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. FMR LLC lifted its holdings in SVMK by 341.2% in the first quarter. FMR LLC now owns 14,186,773 shares of the company’s stock valued at $258,342,000 after acquiring an additional 10,971,548 shares during the period. Vanguard Group Inc. lifted its holdings in SVMK by 297.5% in the second quarter. Vanguard Group Inc. now owns 6,801,698 shares of the company’s stock valued at $112,295,000 after acquiring an additional 5,090,392 shares during the period. BlackRock Inc. lifted its holdings in SVMK by 168.8% in the second quarter. BlackRock Inc. now owns 6,252,007 shares of the company’s stock valued at $103,220,000 after acquiring an additional 3,925,894 shares during the period. Miura Global Management LLC lifted its holdings in SVMK by 400.0% in the first quarter. Miura Global Management LLC now owns 3,500,000 shares of the company’s stock valued at $63,735,000 after acquiring an additional 2,800,000 shares during the period. Finally, Legion Partners Asset Management LLC acquired a new stake in SVMK in the second quarter valued at $31,477,000. 73.62% of the stock is owned by institutional investors.

SVMK stock opened at $17.99 on Friday. SVMK has a twelve month low of $10.05 and a twelve month high of $20.00. The business has a 50 day simple moving average of $17.62 and a 200-day simple moving average of $16.54. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.09 and a quick ratio of 1.09.

SVMK Company Profile

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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