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Why Zendesk (ZEN) Could Be Positioned for a Surge?

Zendesk, Inc. ZEN is a Internet - Software company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ZEN's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Zendesk could be a solid choice for investors.

Current Quarter Estimates for ZEN

In the past 30 days, 2 estimates have gone higher for Zendesk while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from loss of 30 cents a share 30 days ago, to loss of 26 cents, a significant move.

Current Year Estimates for ZEN

Zendesk, Inc. Price and EPS Surprise

Zendesk, Inc. Price and EPS Surprise | Zendesk, Inc. Quote

Meanwhile, Zendesk's current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from loss of $1.22 per share 30 days ago to loss of 99 cents per share today, a significant move.

Bottom Line

The stock has also started to move higher lately, adding 17.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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