Slack (NASDAQ:WORK) Forecasted to Earn Q1 2020 Earnings of ($0.05) Per Share

Slack (NASDAQ:WORK) – Analysts at William Blair issued their Q1 2020 earnings per share estimates for Slack in a report issued on Monday, July 15th. William Blair analyst B. Suri forecasts that the company will post earnings of ($0.05) per share for the quarter. William Blair has a “Outperform” rating on the stock. William Blair also issued estimates for Slack’s Q2 2020 earnings at ($0.13) EPS, Q3 2020 earnings at ($0.06) EPS, Q4 2020 earnings at ($0.06) EPS, FY2020 earnings at ($0.32) EPS, Q1 2021 earnings at ($0.08) EPS, Q2 2021 earnings at ($0.07) EPS, Q3 2021 earnings at ($0.08) EPS, Q4 2021 earnings at ($0.07) EPS and FY2021 earnings at ($0.30) EPS.

Several other equities research analysts also recently weighed in on WORK. Citigroup downgraded Lear from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $188.00 to $144.00 in a report on Wednesday. Oppenheimer increased their price objective on Valeritas from $1.25 to $12.00 and gave the company an “outperform” rating in a report on Tuesday, July 9th. Credit Suisse Group downgraded Kingfisher from an “outperform” rating to a “neutral” rating in a report on Tuesday. Canaccord Genuity assumed coverage on Slack in a report on Monday. They issued a “buy” rating and a $40.00 price objective for the company. Finally, Atlantic Securities assumed coverage on Slack in a report on Wednesday, June 19th. They issued an “overweight” rating and a $37.00 price objective for the company. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Slack has a consensus rating of “Buy” and a consensus target price of $38.78.

Shares of WORK opened at $32.00 on Wednesday. Slack has a 52-week low of $31.93 and a 52-week high of $42.00.

In related news, CFO Allen Shim sold 502,925 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $38.59, for a total transaction of $19,407,875.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Cal Henderson sold 1,500 shares of the stock in a transaction on Monday, June 24th. The stock was sold at an average price of $36.23, for a total value of $54,345.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,908,311 shares of company stock valued at $267,290,507.

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Earnings History and Estimates for Slack (NASDAQ:WORK)

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