Earnings Report: Here’s what to expect from Slack Stock Forecast, Price & News (NYSE:WORK)

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Earnings results for Slack Stock Forecast, Price & News (NYSE:WORK)

Slack Technologies, Inc. is expected* to report earnings on 09/08/2020 after market close. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $-0.14. The reported EPS for the same quarter last year was $-0.98.

Slack last announced its quarterly earnings results on June 4th, 2020. The reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.12. The business had revenue of $201.65 million for the quarter, compared to the consensus estimate of $188.12 million. Its revenue for the quarter was up 49.6% on a year-over-year basis. Slack has generated ($1.42) earnings per share over the last year. Slack has confirmed that its next quarterly earnings report will be published on Tuesday, September 8th, 2020.

Analyst Opinion on Slack Stock Forecast, Price & News (NYSE:WORK)

21 Wall Street analysts have issued ratings and price targets for Slack in the last 12 months. Their average twelve-month price target is $34.00, predicting that the stock has a possible upside of 16.96%. The high price target for WORK is $45.00 and the low price target for WORK is $20.00. There are currently 2 sell ratings, 6 hold ratings and 13 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Slack has received a consensus rating of Buy. The company’s average rating score is 2.52, and is based on 13 buy ratings, 6 hold ratings, and 2 sell ratings. According to analysts’ consensus price target of $34.00, Slack has a forecasted upside of 17.0% from its current price of $29.07. Slack has only been the subject of 4 research reports in the past 90 days.

Dividend Strength: Slack Stock Forecast, Price & News (NYSE:WORK)

Slack does not currently pay a dividend. Slack does not have a long track record of dividend growth.

Insiders buying/selling: Slack Stock Forecast, Price & News (NYSE:WORK)

In the past three months, Slack insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $69,152,920.00 in company stock. Only 26.82% of the stock of Slack is held by insiders. 65.92% of the stock of Slack is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Slack Stock Forecast, Price & News (NYSE:WORK

Earnings for Slack are expected to grow in the coming year, from ($0.58) to ($0.53) per share. The P/E ratio of Slack is -20.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Slack is -20.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Slack has a P/B Ratio of 22.36. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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