Why Analysts Are Slashing Tableau Software Expectations
Tableau Software Inc. (NYSE: DATA) saw its earnings report turn into an unexpected loss, and the company posted lower than expected license revenues. The news was bad enough that it looks like the entire analyst community missed the ball here.…
Tableau Software Inc. (NYSE: DATA) saw its earnings report turn into an unexpected loss, and the company posted lower than expected license revenues. The news was bad enough that it looks like the entire analyst community missed the ball here.
The company had a fourth-quarter net loss of $0.33 per share on $202.8 million in revenue, which compares to consensus estimates of $0.16 in earnings per share (EPS) on $201.2 million in revenue.
Total revenue may have increased 42%, license revenue by 31% and international revenue by 63%, but the quarter still posted an operating loss. And it only got worse from there, considering the guidance.
On the conference call, the company gave its outlook for the first quarter as a net loss of $0.08 to $0.12 per share and revenue in the range of $160 million to $165 million. The consensus estimates call for $0.06 in EPS on $179.48 million in revenue.
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Analysts weighed in on Tableau following the earnings report:
- Wunderlich Securities cut its price target to $75 from $130.
- Baird has an Outperform rating and lowered its target price to $80 from $100.
- Barclays has an Overweight rating and lowered its target price from $110 to $67.
- Credit Suisse lowered its target price to $65 from $130.
- D.A. Davidson has a Buy rating and a target price of $101.
- Deutsche Bank has a Buy rating and lowered its target price from $100 to $65.
- Goldman Sachs lowered its price target to $61 from $99.
- Jefferies has a Hold rating and lowered its target to $65 from $92.
- Pacific Crest has an overweight rating and lowered its target to $93 from $138.
- RBC lowered its price target to $80 from $120.
- SunTrust Robinson has a Buy rating and a price target of $70.
- Susquehanna has a Neutral rating and lowered its target from $100 to $55.
Shares of Tableau closed Friday down 49.4% at $41.33, within a 52-week trading range of $40.04 to $131.34. The consensus analyst price target is $112.72.
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Chris Lange is a financial and geopolitical writer with more than a decade of experience covering a myriad of topics. He has published thousands of articles for 24/7 Wall St., with past coverage focused heavily on stocks, IPOs, healthcare, defense, global affairs, and technology.
His work has been quoted, or referenced by a number of outlets including Business Insider, USA Today, Yahoo Finance, MSN, The Motley Fool, and many other publications. A graduate of Southwestern University, he studied business with a focus on investments and has previous experience in banking and startups.
When not reading or writing the news, he is following his passion for Lacrosse, playing chess, or building solar projects with his dad.
