Wall Street brokerages expect Zendesk Inc (NYSE:ZEN) to report $165.84 million in sales for the current quarter, according to Zacks. 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 suggests a positive year over year growth rate of 34.4%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, February 5th.

On average, analysts expect that Zendesk will report full year sales of $592.25 million for the current financial year, with estimates ranging from $591.70 million to $593.00 million. For the next 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’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Zendesk.

Zendesk (NYSE:ZEN) last announced its quarterly earnings data on Tuesday, October 30th. The software maker reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. The firm had revenue of $154.83 million for the quarter, compared to analyst estimates of $151.78 million. Zendesk had a negative net margin of 22.64% and a negative return on equity of 26.15%. The business’s quarterly revenue was up 37.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.02) earnings per share.

A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Zendesk from $60.00 to $68.00 and gave the company a “hold” rating in a report on Tuesday, September 11th. Deutsche Bank lowered their price target on shares of Zendesk from $85.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. Morgan Stanley upped their price target on shares of Zendesk from $72.00 to $84.00 and gave the company an “overweight” rating in a report on Tuesday, September 18th. Zacks Investment Research raised shares of Zendesk from a “sell” rating to a “hold” rating in a report on Saturday, November 3rd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $70.00 price target on shares of Zendesk in a report on Thursday, November 15th. Four equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. Zendesk has an average rating of “Buy” and an average target price of $66.11.

In other Zendesk news, CFO Elena Gomez sold 500 shares of the company’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $67.20, for a total value of $33,600.00. Following the completion of the transaction, the chief financial officer now owns 18,062 shares in the company, valued at $1,213,766.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Mikkel Svane sold 50,000 shares of the company’s stock in a transaction dated Thursday, November 15th. The stock was sold at an average price of $52.85, for a total transaction of $2,642,500.00. Following the completion of the transaction, the chairman now owns 1,529,044 shares of the company’s stock, valued at approximately $80,809,975.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 109,325 shares of company stock valued at $6,283,500. Insiders own 4.70% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Swiss National Bank raised its position in shares of Zendesk by 1.6% in the second quarter. Swiss National Bank now owns 179,952 shares of the software maker’s stock worth $9,806,000 after acquiring an additional 2,800 shares during the period. Millennium Management LLC raised its position in shares of Zendesk by 36.4% during the 2nd quarter. Millennium Management LLC now owns 2,174,017 shares of the software maker’s stock worth $118,462,000 after purchasing an additional 579,772 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Zendesk during the 2nd quarter worth about $22,103,000. Cubist Systematic Strategies LLC raised its position in shares of Zendesk by 6,776.6% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 206,298 shares of the software maker’s stock worth $11,241,000 after purchasing an additional 203,298 shares during the last quarter. Finally, Xact Kapitalforvaltning AB raised its position in shares of Zendesk by 8.8% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 16,046 shares of the software maker’s stock worth $1,139,000 after purchasing an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 92.86% of the company’s stock.

Shares of ZEN opened at $58.40 on Monday. The firm has a market cap of $6.25 billion, a PE ratio of -56.70 and a beta of 1.85. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.79 and a current ratio of 1.78. Zendesk has a 1-year low of $33.13 and a 1-year high of $72.76.

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, 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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