Zendesk, Inc. ( ZEN ) is a software development 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, 1 estimate have gone higher for Zendesk while 0 have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 16 cents a share 30 days ago, to a loss of 12 cents today, a move of 25%.

Current Year Estimates for ZEN

Meanwhile, Zendesk's current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to 0 lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 71 cents per share 30 days ago to a loss of 59 cents per share today, an increase of 17%.

Bottom Line

The stock has also started to move higher lately, adding 13.75% 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 #2 (Buy) stock to profit in the near future.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days . Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

ZENDESK INC (ZEN): Get Free Report

See the original post here:
Can Zendesk (ZEN) Run Higher on Strong Earnings Estimate Revisions? - Tale of the Tape