Zacks: Brokerages Expect SVMK Inc (NASDAQ:SVMK) to Announce -$0.05 EPS

Wall Street brokerages predict that SVMK Inc (NASDAQ:SVMK) will announce earnings of ($0.05) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for SVMK’s earnings. The lowest EPS estimate is ($0.07) and the highest is ($0.03). SVMK posted earnings per share of ($0.01) during the same quarter last year, which indicates a negative year-over-year growth rate of 400%. The business is scheduled to announce its next earnings report on Tuesday, November 12th.

On average, analysts expect that SVMK will report full-year earnings of ($0.12) per share for the current fiscal year, with EPS estimates ranging from ($0.15) to ($0.09). For the next fiscal year, analysts forecast that the business will post earnings of ($0.05) per share, with EPS estimates ranging from ($0.07) to ($0.03). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow SVMK.

SVMK (NASDAQ:SVMK) last posted its quarterly earnings results on Thursday, August 1st. The company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The firm had revenue of $75.14 million for the quarter, compared to the consensus estimate of $72.72 million. SVMK had a negative net margin of 59.16% and a negative return on equity of 25.79%. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period last year, the firm posted ($0.02) earnings per share.

SVMK has been the topic of several research reports. SunTrust Banks reissued a “buy” rating and issued a $22.00 price target on shares of SVMK in a research note on Tuesday, July 30th. UBS Group raised shares of SVMK from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $24.00 in a research note on Friday, August 2nd. Finally, Zacks Investment Research downgraded shares of SVMK from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.88.

In other SVMK news, major shareholder Tiger Global Management Llc sold 4,500,000 shares of SVMK stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $15.82, for a total transaction of $71,190,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Lora D. Blum sold 5,333 shares of SVMK stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $18.52, for a total transaction of $98,767.16. The disclosure for this sale can be found here. Insiders have sold 4,772,639 shares of company stock worth $75,901,324 over the last ninety days. 26.30% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. United Services Automobile Association raised its stake in SVMK by 70.6% during the second quarter. United Services Automobile Association now owns 443,036 shares of the company’s stock worth $7,315,000 after purchasing an additional 183,274 shares during the period. Nuveen Asset Management LLC purchased a new position in SVMK during the second quarter worth about $19,217,000. UBS Asset Management Americas Inc. purchased a new position in SVMK during the second quarter worth about $220,000. D. E. Shaw & Co. Inc. acquired a new stake in shares of SVMK during the second quarter valued at about $197,000. Finally, Jefferies Group LLC acquired a new stake in shares of SVMK during the second quarter valued at about $1,552,000. 76.68% of the stock is currently owned by institutional investors.

NASDAQ:SVMK opened at $17.70 on Tuesday. The company’s 50-day moving average price is $17.74 and its 200-day moving average price is $16.89. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.03. The company has a market cap of $2.30 billion and a P/E ratio of -12.38. SVMK has a twelve month low of $10.05 and a twelve month high of $20.00.

About SVMK

SVMK Inc provides survey software products and purpose-built solutions that enable organizations to engage with their customers, employees, and the markets they serve in the United States and internationally. Its cloud-based SaaS platform helps individuals and organizations to design and distribute surveys that generate an average of approximately 20 million answered questions daily across approximately 190 countries and territories.

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