Zendesk, Inc. (NYSE:ZEN) is reporting third quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.11 per share.
For the full year, analysts predict revenues of $ 1012.07 million, while looking forward to income of $ 0.47 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 250.00 million ~ $ 255.00 million
Full Year 2020 topline are forecasted in a range of$ 1,050.00 million ~ $ 1,070.00 million
Click Here For More Historical Outlooks Of Zendesk, Inc.
Previous Quarter Performance
Zendesk, Inc. unwinded income for the second quarter of $ 0.14 per share, from the revenue of $ 246.66 million. The quarterly earnings expanded 180.00 percent while revenues extended 28.16 percent compared with the same quarter last year.
Street analysts expected Zendesk, Inc. to report income of $ 0.09 per share on revenue of $ 240.55 million for the second quarter. The bottom line results beat street analysts by $ 0.05 or 55.56 percent, at the same time, top line results outshined analysts by $ 6.11 million or 2.54 percent.
Stock Performance
Shares of Zendesk, Inc. traded low $ -3.98 or -3.68 percent on Wednesday, reaching $ 104.12 with volume of 1.06 million shares. Zendesk, Inc. has traded high as $ 107.25 and has cracked $ 103.84 on the downward trend
According to the previous trading day, closing price of $ 104.12, representing a 115.21 % increase from the 52 week low of $ 50.23 and a 7.24 % decrease over the 52 week high of $ 116.54.
The company has a market capital of $ 12.02 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 1st September 2020, upgraded by Piper Sandler to Overweight from Neutral rating, with $ 123.00 target price.
Conference Call
Zendesk, Inc. will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.zendesk.com
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.
