Zacks: Brokerages Expect Cornerstone OnDemand, Inc. (NASDAQ:CSOD) Will Announce Earnings of $0.19 Per Share

Wall Street brokerages predict that Cornerstone OnDemand, Inc. (NASDAQ:CSOD) will post $0.19 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Cornerstone OnDemand’s earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.16. Cornerstone OnDemand posted earnings of $0.12 per share in the same quarter last year, which indicates a positive year over year growth rate of 58.3%. The firm is expected to announce its next earnings report on Tuesday, August 6th.

On average, analysts expect that Cornerstone OnDemand will report full year earnings of $1.02 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.05. For the next year, analysts anticipate that the company will report earnings of $1.41 per share, with EPS estimates ranging from $1.16 to $1.63. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Cornerstone OnDemand.

Cornerstone OnDemand (NASDAQ:CSOD) last issued its quarterly earnings data on Tuesday, May 7th. The software maker reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.23). The firm had revenue of $140.10 million during the quarter, compared to the consensus estimate of $135.51 million. Cornerstone OnDemand had a negative net margin of 3.87% and a negative return on equity of 15.15%. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 earnings per share.

A number of analysts have commented on the stock. ValuEngine upgraded shares of Cornerstone OnDemand from a “hold” rating to a “buy” rating in a research report on Friday, May 17th. BidaskClub downgraded shares of Cornerstone OnDemand from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 5th. Finally, Zacks Investment Research downgraded shares of Cornerstone OnDemand from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $62.36.

Shares of CSOD stock traded down $1.41 during midday trading on Tuesday, reaching $54.92. 352,986 shares of the company were exchanged, compared to its average volume of 443,573. Cornerstone OnDemand has a 12 month low of $45.89 and a 12 month high of $60.19. The stock has a market capitalization of $3.33 billion, a P/E ratio of -243.91 and a beta of 1.04. The business has a 50 day simple moving average of $53.96. The company has a debt-to-equity ratio of 4.88, a quick ratio of 1.48 and a current ratio of 1.48.

In related news, CEO Adam L. Miller sold 21,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $55.89, for a total value of $1,173,690.00. Following the sale, the chief executive officer now directly owns 2,321,858 shares in the company, valued at approximately $129,768,643.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Brian L. Swartz sold 6,598 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $53.87, for a total transaction of $355,434.26. Following the completion of the sale, the chief financial officer now owns 145,603 shares in the company, valued at $7,843,633.61. The disclosure for this sale can be found here. Insiders sold a total of 124,362 shares of company stock worth $6,723,450 over the last quarter. Insiders own 9.40% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amundi Pioneer Asset Management Inc. grew its position in Cornerstone OnDemand by 25.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 31,283 shares of the software maker’s stock worth $1,713,000 after acquiring an additional 6,313 shares in the last quarter. FMR LLC raised its holdings in shares of Cornerstone OnDemand by 44.6% during the 1st quarter. FMR LLC now owns 1,320,828 shares of the software maker’s stock valued at $72,355,000 after purchasing an additional 407,535 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Cornerstone OnDemand by 9.6% during the 1st quarter. Clearbridge Investments LLC now owns 3,204,826 shares of the software maker’s stock valued at $175,560,000 after purchasing an additional 281,615 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Cornerstone OnDemand in the 1st quarter valued at $319,000. Finally, Marshall Wace LLP acquired a new stake in shares of Cornerstone OnDemand in the 1st quarter valued at $834,000. Institutional investors and hedge funds own 92.12% of the company’s stock.

About Cornerstone OnDemand

Cornerstone OnDemand, Inc, together with its subsidiaries, provides learning and human capital management software through software-as-a-service model worldwide. Its enterprise human capital management platform comprises four product suites, such as Recruiting Suite that helps organizations to attract, hire, and onboard the right employees; Learning Suite, which provides robust, a modern learning management software to supports compliance, knowledge sharing, and employee-driven development training; Performance Suite that provides tools to manage goal setting, performance reviews, competency assessments, development plans, continuous feedback, compensation management, and succession planning; and HR Administration Suite, which provides an aggregated view of all employee data with workforce planning, self-service management, and compliance reporting capabilities.

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Earnings History and Estimates for Cornerstone OnDemand (NASDAQ:CSOD)

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