Wall Street brokerages forecast that Zendesk Inc (NYSE:ZEN) will post $165.84 million in sales for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Zendesk’s earnings. The lowest sales estimate is $165.20 million and the highest is $167.00 million. Zendesk posted sales of $123.43 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 34.4%. The firm is scheduled to report its next quarterly earnings results on Tuesday, February 5th.

According to Zacks, analysts expect that Zendesk will report full-year sales of $592.25 million for the current year, with estimates ranging from $591.70 million to $593.00 million. For the next financial year, analysts forecast that the firm will post sales of $783.44 million, with estimates ranging from $774.00 million to $813.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Zendesk.

Zendesk (NYSE:ZEN) last issued its quarterly earnings results on Tuesday, October 30th. The software maker reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. The business had revenue of $154.83 million for the quarter, compared to analysts’ expectations of $151.78 million. Zendesk had a negative net margin of 22.64% and a negative return on equity of 26.15%. The company’s quarterly revenue was up 37.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.02) earnings per share.

Several research firms recently weighed in on ZEN. Stifel Nicolaus increased their price objective on shares of Zendesk from $60.00 to $68.00 and gave the stock a “hold” rating in a research note on Tuesday, September 11th. Jefferies Financial Group began coverage on shares of Zendesk in a research note on Monday, October 1st. They set a “buy” rating and a $82.00 price objective on the stock. Morgan Stanley increased their price objective on shares of Zendesk from $72.00 to $84.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 18th. Deutsche Bank began coverage on shares of Zendesk in a research note on Monday, October 8th. They set a “buy” rating and a $85.00 price objective on the stock. Finally, Evercore ISI reiterated a “buy” rating and set a $70.00 price objective on shares of Zendesk in a research note on Sunday, August 5th. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $65.83.

ZEN traded up $0.26 on Friday, hitting $48.63. 44,079 shares of the company’s stock were exchanged, compared to its average volume of 2,496,202. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of -46.29 and a beta of 1.84. Zendesk has a twelve month low of $31.90 and a twelve month high of $72.76. The company has a quick ratio of 1.79, a current ratio of 1.78 and a debt-to-equity ratio of 1.12.

In other Zendesk news, CFO Elena Gomez sold 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 23rd. The shares were sold at an average price of $65.00, for a total value of $455,000.00. Following the sale, the chief financial officer now owns 23,614 shares in the company, valued at $1,534,910. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Adrian Mcdermott sold 1,809 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The shares were sold at an average price of $68.46, for a total transaction of $123,844.14. Following the completion of the sale, the insider now owns 80,267 shares in the company, valued at approximately $5,495,078.82. The disclosure for this sale can be found here. Insiders sold 114,646 shares of company stock worth $6,697,838 in the last 90 days. 4.70% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in ZEN. Catalyst Capital Advisors LLC boosted its holdings in shares of Zendesk by 2,509.9% in the second quarter. Catalyst Capital Advisors LLC now owns 2,114 shares of the software maker’s stock valued at $115,000 after acquiring an additional 2,033 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Zendesk by 79.8% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,086 shares of the software maker’s stock valued at $145,000 after acquiring an additional 926 shares in the last quarter. Rehmann Capital Advisory Group boosted its holdings in shares of Zendesk by 7,000.0% in the third quarter. Rehmann Capital Advisory Group now owns 10,650 shares of the software maker’s stock valued at $150,000 after acquiring an additional 10,500 shares in the last quarter. Harvest Fund Management Co. Ltd boosted its holdings in shares of Zendesk by 211.8% in the third quarter. Harvest Fund Management Co. Ltd now owns 2,242 shares of the software maker’s stock valued at $159,000 after acquiring an additional 1,523 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new position in shares of Zendesk in the second quarter valued at approximately $180,000. Institutional investors own 91.59% of the company’s stock.

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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