Zscaler, Inc. (NASDAQ:ZS) Expected to Announce Earnings of $0.11 Per Share

Equities research analysts expect Zscaler, Inc. (NASDAQ:ZSGet Rating) to announce earnings of $0.11 per share for the current quarter, according to Zacks. Nine analysts have issued estimates for Zscaler’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.12. Zscaler posted earnings per share of $0.15 in the same quarter last year, which suggests a negative year over year growth rate of 26.7%. The company is scheduled to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Zscaler will report full year earnings of $0.55 per share for the current year, with EPS estimates ranging from $0.54 to $0.56. For the next financial year, analysts expect that the company will report earnings of $0.96 per share, with EPS estimates ranging from $0.68 to $1.31. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Zscaler.

Zscaler (NASDAQ:ZSGet Rating) last announced its earnings results on Thursday, February 24th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.57) by ($0.03). Zscaler had a negative net margin of 38.47% and a negative return on equity of 51.11%. The company had revenue of $255.56 million for the quarter, compared to the consensus estimate of $241.87 million. During the same quarter in the previous year, the firm earned ($0.39) earnings per share. The company’s revenue for the quarter was up 62.7% compared to the same quarter last year.

Several brokerages have commented on ZS. FBN Securities cut their price objective on Zscaler from $400.00 to $300.00 and set an “outperform” rating on the stock in a research report on Friday, February 25th. Truist Financial decreased their price objective on shares of Zscaler from $350.00 to $335.00 and set a “buy” rating for the company in a research report on Thursday, March 24th. BTIG Research cut their price target on shares of Zscaler from $439.00 to $326.00 and set a “buy” rating on the stock in a report on Friday, February 25th. Canaccord Genuity Group cut their price target on Zscaler from $400.00 to $320.00 and set a “buy” rating on the stock in a research report on Tuesday, February 22nd. Finally, Piper Sandler decreased their price objective on shares of Zscaler from $365.00 to $295.00 in a research report on Thursday, January 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $317.45.

Shares of ZS stock traded down $16.99 on Monday, hitting $224.24. 73,382 shares of the stock traded hands, compared to its average volume of 2,728,002. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.38 and a quick ratio of 2.38. The firm has a market cap of $31.64 billion, a price-to-earnings ratio of -93.29 and a beta of 1.00. Zscaler has a 52 week low of $157.03 and a 52 week high of $376.11. The firm has a 50 day simple moving average of $237.53 and a two-hundred day simple moving average of $277.17.

In other news, President Amit Sinha sold 7,358 shares of the business’s stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $203.09, for a total value of $1,494,336.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Karen Blasing sold 1,000 shares of the stock in a transaction dated Monday, April 4th. The stock was sold at an average price of $250.00, for a total transaction of $250,000.00. Following the completion of the transaction, the director now directly owns 2,381 shares of the company’s stock, valued at $595,250. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,779 shares of company stock valued at $7,896,977. 20.30% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Corient Capital Partners LLC purchased a new stake in shares of Zscaler in the 3rd quarter worth $244,000. Archford Capital Strategies LLC increased its holdings in Zscaler by 3.5% in the 4th quarter. Archford Capital Strategies LLC now owns 3,949 shares of the company’s stock worth $1,269,000 after buying an additional 133 shares during the period. Ahrens Investment Partners LLC purchased a new stake in Zscaler in the 4th quarter worth approximately $48,000. Levin Capital Strategies L.P. acquired a new position in shares of Zscaler in the third quarter worth about $393,000. Finally, Raymond James & Associates grew its position in shares of Zscaler by 21.6% in the third quarter. Raymond James & Associates now owns 62,646 shares of the company’s stock valued at $16,427,000 after purchasing an additional 11,114 shares during the period. 43.41% of the stock is owned by institutional investors.

Zscaler Company Profile (Get Rating)

Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device secure access to externally managed applications, including software-as-a-service (SaaS) applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.

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Earnings History and Estimates for Zscaler (NASDAQ:ZS)

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