Zacks: Analysts Expect Tableau Software Inc (DATA) Will Announce Quarterly Sales of $217.46 Million

Analysts predict that Tableau Software Inc (NYSE:DATA) will report $217.46 million in sales for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have made estimates for Tableau Software’s earnings, with the highest sales estimate coming in at $221.50 million and the lowest estimate coming in at $212.00 million. Tableau Software posted sales of $199.91 million during the same quarter last year, which suggests a positive year-over-year growth rate of 8.8%. The company is scheduled to issue its next earnings results after the market closes on Wednesday, May 2nd.

According to Zacks, analysts expect that Tableau Software will report full-year sales of $966.04 million for the current fiscal year, with estimates ranging from $945.00 million to $985.10 million. For the next financial year, analysts expect that the company will post sales of $1.09 billion per share, with estimates ranging from $1.02 billion to $1.15 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Tableau Software.

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Tableau Software (NYSE:DATA) last announced its quarterly earnings data on Thursday, February 1st. The software company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.09. The firm had revenue of $249.40 million during the quarter, compared to analyst estimates of $240.63 million. Tableau Software had a negative return on equity of 23.84% and a negative net margin of 21.16%. Tableau Software’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.26 earnings per share.



DATA has been the subject of several research analyst reports. Mizuho reissued a “hold” rating and issued a $68.00 price objective on shares of Tableau Software in a report on Wednesday, January 17th. Raymond James Financial began coverage on Tableau Software in a report on Wednesday, January 17th. They set a “market perform” rating for the company. Zacks Investment Research lowered Tableau Software from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. BMO Capital Markets reaffirmed a “hold” rating and set a $92.00 target price on shares of Tableau Software in a report on Friday, February 2nd. Finally, Maxim Group raised Tableau Software from a “sell” rating to a “hold” rating and upped their target price for the company from $40.00 to $88.00 in a report on Friday, February 2nd. Eighteen analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $82.92.

In other Tableau Software news, CEO Adam Selipsky sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $80.05, for a total value of $800,500.00. Following the completion of the sale, the chief executive officer now directly owns 218,228 shares in the company, valued at $17,469,151.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director A Brooke Seawell sold 2,010 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $83.29, for a total value of $167,412.90. Following the completion of the sale, the director now owns 1,781 shares of the company’s stock, valued at $148,339.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 933,719 shares of company stock valued at $73,445,439. Insiders own 24.76% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Tableau Software by 6.2% in the fourth quarter. BlackRock Inc. now owns 3,080,025 shares of the software company’s stock worth $213,137,000 after purchasing an additional 180,810 shares during the period. HMI Capital LLC lifted its position in shares of Tableau Software by 20.4% during the 4th quarter. HMI Capital LLC now owns 1,594,926 shares of the software company’s stock valued at $110,369,000 after acquiring an additional 270,740 shares during the last quarter. Eagle Asset Management Inc. lifted its position in shares of Tableau Software by 51.6% during the 4th quarter. Eagle Asset Management Inc. now owns 1,320,111 shares of the software company’s stock valued at $92,163,000 after acquiring an additional 449,445 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Tableau Software by 15.3% during the 4th quarter. American Century Companies Inc. now owns 1,242,894 shares of the software company’s stock valued at $86,008,000 after acquiring an additional 165,035 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Tableau Software by 5.8% during the 4th quarter. Renaissance Technologies LLC now owns 1,133,600 shares of the software company’s stock valued at $78,445,000 after acquiring an additional 61,900 shares during the last quarter. Hedge funds and other institutional investors own 83.12% of the company’s stock.

Tableau Software stock traded up $3.28 during midday trading on Friday, hitting $84.46. The stock had a trading volume of 1,314,428 shares, compared to its average volume of 865,063. The firm has a market cap of $6,516.28, a P/E ratio of -36.09 and a beta of 0.79. Tableau Software has a 12 month low of $50.81 and a 12 month high of $87.60.

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Tableau Software Company Profile

Tableau Software, Inc provides business analytics software products. It offers Tableau Desktop, an analytics product that empowers people to access and analyze data; and Tableau Server, a business intelligence platform with data management and scalability to foster sharing of analytics, as well as to enhance the dissemination of information in an organization and promote decision-making.

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