Tableau Software Inc (NYSE:DATA) Expected to Announce Earnings of $0.31 Per Share

Wall Street analysts expect that Tableau Software Inc (NYSE:DATA) will announce $0.31 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Ten analysts have provided estimates for Tableau Software’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.27. The company is expected to announce its next quarterly earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Tableau Software will report full-year earnings of $1.72 per share for the current financial year, with EPS estimates ranging from $1.65 to $1.85. For the next fiscal year, analysts forecast that the firm will post earnings of $2.25 per share, with EPS estimates ranging from $1.91 to $3.38. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Tableau Software.

Tableau Software (NYSE:DATA) last posted its earnings results on Thursday, May 2nd. The software company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.58) by $0.60. Tableau Software had a negative net margin of 27.58% and a negative return on equity of 25.93%. The firm had revenue of $282.50 million during the quarter, compared to analysts’ expectations of $287.24 million. During the same quarter in the prior year, the firm earned $0.07 EPS. Tableau Software’s quarterly revenue was up 14.7% on a year-over-year basis.

Several research analysts have commented on the stock. Citigroup assumed coverage on shares of Fastly in a research report on Wednesday, June 12th. They issued a “neutral” rating and a $23.00 target price for the company. Sanford C. Bernstein cut shares of Tableau Software from an “outperform” rating to a “market perform” rating and set a $167.00 target price for the company. in a research report on Tuesday, July 2nd. UBS Group cut shares of to a “neutral” rating and decreased their target price for the stock from GBX 870 ($11.37) to GBX 650 ($8.49) in a research report on Wednesday, June 19th. BTIG Research lowered shares of Tableau Software from a “buy” rating to a “neutral” rating in a research note on Monday, June 10th. Finally, BMO Capital Markets set a C$2.00 price target on shares of Probe Metals and gave the stock an “outperform” rating in a research note on Tuesday, April 23rd. Fourteen analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $148.38.

In other news, CFO Damon A. Fletcher sold 3,101 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $121.06, for a total transaction of $375,407.06. Following the sale, the chief financial officer now owns 48,955 shares in the company, valued at $5,926,492.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Adam Selipsky sold 5,668 shares of the business’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $114.62, for a total transaction of $649,666.16. Following the sale, the insider now owns 227,047 shares in the company, valued at approximately $26,024,127.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 57,781 shares of company stock valued at $6,962,045. Company insiders own 12.58% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in DATA. FMR LLC raised its holdings in shares of Tableau Software by 43.9% during the fourth quarter. FMR LLC now owns 3,984,077 shares of the software company’s stock valued at $478,089,000 after acquiring an additional 1,215,863 shares during the period. BlackRock Inc. raised its holdings in shares of Tableau Software by 30.1% during the first quarter. BlackRock Inc. now owns 4,997,006 shares of the software company’s stock valued at $636,019,000 after acquiring an additional 1,155,835 shares during the period. Norges Bank acquired a new stake in shares of Tableau Software during the fourth quarter valued at approximately $88,709,000. Frontier Capital Management Co. LLC raised its holdings in shares of Tableau Software by 18,501.8% during the first quarter. Frontier Capital Management Co. LLC now owns 536,291 shares of the software company’s stock valued at $68,259,000 after acquiring an additional 533,408 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of Tableau Software by 337.5% during the fourth quarter. Millennium Management LLC now owns 575,863 shares of the software company’s stock valued at $69,104,000 after acquiring an additional 444,229 shares during the period. Institutional investors and hedge funds own 88.84% of the company’s stock.

NYSE DATA traded down $3.96 on Monday, hitting $172.18. The stock had a trading volume of 1,232,350 shares, compared to its average volume of 1,468,647. Tableau Software has a one year low of $94.81 and a one year high of $177.59. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.62 and a current ratio of 2.62. The stock has a market cap of $14.96 billion, a PE ratio of -53.97 and a beta of 1.49. The firm’s 50-day simple moving average is $166.70.

Tableau Software Company Profile

Tableau Software, Inc, together with its subsidiaries, provides business analytics software products. It offers Tableau Desktop, a self-service, powerful analytics product with data; Tableau Server, a business intelligence platform for organizations; Tableau Online, a hosted software-as-a-service version of Tableau Server; Tableau Prep, a data preparation product for combining, shaping, and cleaning data; and Tableau Public, a cloud-based platform for analyzing and sharing public data.

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Earnings History and Estimates for Tableau Software (NYSE:DATA)

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