Equities Analysts Set Expectations for Tableau Software Inc’s Q2 2019 Earnings (DATA)

Tableau Software Inc (NYSE:DATA) – Equities researchers at Wedbush lowered their Q2 2019 earnings estimates for Tableau Software in a report issued on Monday, May 6th. Wedbush analyst S. Koenig now forecasts that the software company will post earnings per share of ($0.31) for the quarter, down from their prior forecast of ($0.20). Wedbush currently has a “Outperform” rating and a $145.00 price target on the stock. Wedbush also issued estimates for Tableau Software’s Q3 2019 earnings at ($0.09) EPS, Q4 2019 earnings at $0.19 EPS, FY2019 earnings at ($0.76) EPS, Q1 2020 earnings at ($0.61) EPS, Q2 2020 earnings at ($0.17) EPS, Q3 2020 earnings at ($0.06) EPS, Q4 2020 earnings at $0.22 EPS and FY2020 earnings at ($0.61) EPS.

Tableau Software (NYSE:DATA) last issued its earnings results on Thursday, May 2nd. The software company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.58) by $0.60. Tableau Software had a negative return on equity of 26.23% and a negative net margin of 27.58%. The business had revenue of $282.50 million during the quarter, compared to analysts’ expectations of $287.24 million. During the same period in the prior year, the business earned $0.07 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year.

A number of other equities research analysts have also recently weighed in on the company. BMO Capital Markets decreased their price objective on Tableau Software from $145.00 to $140.00 and set a “market perform” rating for the company in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. upped their price objective on Tableau Software to $140.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 6th. Bank of America restated a “buy” rating and set a $145.00 price objective on shares of Tableau Software in a research note on Wednesday, February 6th. Barclays upped their price objective on Tableau Software to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, January 17th. Finally, OTR Global cut Tableau Software to a “positive” rating in a research note on Thursday, January 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $135.43.
Shares of NYSE DATA opened at $124.00 on Thursday. The firm has a market cap of $10.55 billion, a P/E ratio of -38.87 and a beta of 1.19. Tableau Software has a 1-year low of $91.10 and a 1-year high of $136.92.

A number of institutional investors have recently added to or reduced their stakes in DATA. FMR LLC raised its stake in Tableau Software by 43.9% in the fourth quarter. FMR LLC now owns 3,984,077 shares of the software company’s stock valued at $478,089,000 after buying an additional 1,215,863 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Tableau Software by 30.1% in the first quarter. BlackRock Inc. now owns 4,997,006 shares of the software company’s stock valued at $636,019,000 after purchasing an additional 1,155,835 shares during the period. Coatue Management LLC increased its holdings in shares of Tableau Software by 63.2% in the fourth quarter. Coatue Management LLC now owns 2,412,405 shares of the software company’s stock valued at $289,489,000 after purchasing an additional 934,635 shares during the period. Norges Bank acquired a new position in shares of Tableau Software in the fourth quarter valued at about $88,709,000. Finally, Frontier Capital Management Co. LLC increased its holdings in shares of Tableau Software by 18,501.8% in 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 purchasing an additional 533,408 shares during the period. Institutional investors own 86.20% of the company’s stock.

In other Tableau Software news, insider Adam Selipsky sold 5,668 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $131.55, for a total value of $745,625.40. Following the completion of the sale, the insider now directly owns 252,725 shares in the company, valued at $33,245,973.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director William Bosworth sold 324 shares of the stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $133.95, for a total value of $43,399.80. Following the completion of the sale, the director now owns 9,153 shares of the company’s stock, valued at $1,226,044.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 457,046 shares of company stock valued at $55,828,508. 12.58% of the stock is currently owned by company insiders.

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.