Zacks: Brokerages Anticipate Hortonworks (HDP) to Post -$0.27 EPS

Wall Street brokerages predict that Hortonworks (NASDAQ:HDP) will announce ($0.27) earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Hortonworks’ earnings, with the lowest EPS estimate coming in at ($0.29) and the highest estimate coming in at ($0.24). Hortonworks posted earnings per share of ($0.50) during the same quarter last year, which suggests a positive year-over-year growth rate of 46%. The company is scheduled to report its next quarterly earnings report on Thursday, May 3rd.

On average, analysts expect that Hortonworks will report full year earnings of ($0.91) per share for the current financial year, with EPS estimates ranging from ($0.94) to ($0.89). For the next year, analysts expect that the business will report earnings of ($0.42) per share, with EPS estimates ranging from ($0.56) to ($0.21). Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Hortonworks.

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Hortonworks (NASDAQ:HDP) last announced its quarterly earnings results on Thursday, February 8th. The software maker reported ($0.24) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.24). The business had revenue of $75.01 million for the quarter, compared to analysts’ expectations of $70.44 million. The firm’s quarterly revenue was up 44.4% on a year-over-year basis. During the same period last year, the firm earned ($0.50) earnings per share.

A number of brokerages have issued reports on HDP. BidaskClub downgraded Hortonworks from a “buy” rating to a “hold” rating in a report on Friday, April 6th. Monness Crespi & Hardt began coverage on Hortonworks in a report on Wednesday. They set a “neutral” rating for the company. Barclays reaffirmed a “hold” rating and set a $20.00 price target on shares of Hortonworks in a report on Friday. Zacks Investment Research raised Hortonworks from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Wednesday. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $24.00 price target (up from $23.00) on shares of Hortonworks in a report on Friday, March 9th. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Hortonworks has a consensus rating of “Buy” and an average target price of $22.14.

Shares of NASDAQ HDP opened at $17.50 on Thursday. The stock has a market cap of $1,393.28, a price-to-earnings ratio of -5.72 and a beta of 1.39. Hortonworks has a 1 year low of $9.93 and a 1 year high of $22.00.

In other 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 completion of the sale, the chief executive officer now directly owns 1,773,730 shares of the company’s stock, valued at approximately $31,785,241.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Scott E. Gnau sold 2,659 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $17.12, for a total value of $45,522.08. Following the sale, the chief technology officer now directly owns 345,794 shares of the company’s stock, valued at $5,919,993.28. The disclosure for this sale can be found here. Insiders sold a total of 1,544,586 shares of company stock valued at $28,861,716 over the last three months. Company insiders own 22.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. AXA purchased a new stake in Hortonworks during the 4th quarter valued at approximately $209,000. Guggenheim Capital LLC purchased a new stake in Hortonworks during the 4th quarter valued at approximately $255,000. Teacher Retirement System of Texas purchased a new stake in Hortonworks during the 4th quarter valued at approximately $327,000. Fairfield Bush & CO. purchased a new stake in Hortonworks during the 4th quarter valued at approximately $362,000. Finally, Old Mutual Global Investors UK Ltd. purchased a new stake in Hortonworks during the 4th quarter valued at approximately $385,000. 61.63% of the stock is owned by hedge funds and other institutional investors.

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About Hortonworks

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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