Zacks: Analysts Anticipate Hortonworks (HDP) to Announce -$0.22 Earnings Per Share

Wall Street analysts expect Hortonworks (NASDAQ:HDP) to announce earnings per share of ($0.22) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Hortonworks’ earnings. The highest EPS estimate is ($0.20) and the lowest is ($0.24). Hortonworks posted earnings per share of ($0.44) during the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The business is scheduled to report its next quarterly earnings report on Thursday, August 2nd.

On average, analysts expect that Hortonworks will report full-year earnings of ($0.85) per share for the current year, with EPS estimates ranging from ($0.89) to ($0.80). For the next financial year, analysts anticipate that the company will report earnings of ($0.48) per share, with EPS estimates ranging from ($0.54) to ($0.41). Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Hortonworks.

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Hortonworks (NASDAQ:HDP) last announced its quarterly earnings results on Tuesday, May 8th. The software maker reported ($0.20) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.07. The business had revenue of $79.06 million for the quarter, compared to analysts’ expectations of $75.26 million. During the same period last year, the firm earned ($0.50) earnings per share. The firm’s quarterly revenue was up 41.3% on a year-over-year basis.

A number of analysts have recently commented on HDP shares. BidaskClub upgraded Hortonworks from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research upgraded Hortonworks from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research report on Friday, May 11th. Barclays reiterated a “hold” rating and set a $20.00 target price on shares of Hortonworks in a research report on Friday, April 13th. Monness Crespi & Hardt started coverage on Hortonworks in a research report on Wednesday, April 11th. They set a “neutral” rating on the stock. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $25.00 target price on shares of Hortonworks in a research report on Thursday, May 17th. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $22.33.

In related news, CEO Robert G. Bearden sold 113,947 shares of the business’s stock in a transaction dated Wednesday, April 11th. The stock was sold at an average price of $17.92, for a total value of $2,041,930.24. Following the transaction, the chief executive officer now owns 1,773,730 shares in the company, valued at approximately $31,785,241.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert G. Bearden sold 125,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $20.42, for a total value of $2,552,500.00. Following the completion of the transaction, the chief executive officer now owns 1,830,727 shares in the company, valued at approximately $37,383,445.34. The disclosure for this sale can be found here. Insiders sold a total of 851,175 shares of company stock worth $15,625,364 in the last 90 days. 15.60% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of HDP. Tremblant Capital Group acquired a new position in Hortonworks in the 1st quarter valued at about $30,266,000. Park West Asset Management LLC increased its position in Hortonworks by 47.4% in the 4th quarter. Park West Asset Management LLC now owns 2,100,000 shares of the software maker’s stock valued at $42,231,000 after acquiring an additional 675,000 shares during the period. black and white Capital LP purchased a new stake in Hortonworks in the 4th quarter valued at approximately $10,055,000. Stanley Laman Group Ltd. boosted its holdings in Hortonworks by 1,162.8% in the 1st quarter. Stanley Laman Group Ltd. now owns 460,703 shares of the software maker’s stock valued at $9,385,000 after purchasing an additional 424,220 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Hortonworks by 10.7% in the 1st quarter. BlackRock Inc. now owns 3,464,798 shares of the software maker’s stock valued at $70,578,000 after purchasing an additional 333,763 shares in the last quarter. Hedge funds and other institutional investors own 66.72% of the company’s stock.

HDP opened at $17.76 on Friday. Hortonworks has a one year low of $11.50 and a one year high of $22.00.

Hortonworks Company Profile

Hortonworks, Inc provides data management platforms, services, and solutions in North America, the Asia Pacific, Europe, and Latin America. It offers Hortonworks Data Platform (HDP), an enterprise-scale data management platform which provides a platform for multi-workload data processing; Hortonworks DataFlow, a data-in-motion platform to automate and secure Internet of anything data flows, as well as to collect, conduct, and curate real-time business insights and actions derived from data in motion, including sensors, machines, geolocation devices, clicks, server logs, and social feeds; and Hortonworks DataPlane Service simplifies managing, securing, governing, provisioning, and consuming distributed data systems.

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Earnings History and Estimates for Hortonworks (NASDAQ:HDP)

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