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Zscaler (NASDAQ:ZS) is scheduled to announce This fall earnings outcomes on Thursday, Sept. 8, after market shut.
Consensus EPS estimate is $0.21 (+50% Y/Y) and consensus income estimate is $305.56M (+55% Y/Y).
Over the past 2 years, ZS has crushed EPS and income estimates 100% of the time.
Over the past 3 months, EPS estimates have seen 1 upward revision. Income estimates have seen 2 upward revisions and 1 downward.
BTIG downgraded ZS to Impartial, citing restricted upside and indicators of a possible slowdown, however nonetheless expects sturdy This fall outcomes.
Truist minimize its PT on ZS resulting from uncertainty in intermediate-term outlook, however maintained its Purchase score because it believes ZS is well-positioned for long-term progress.
ZS shares gained after the cybersecurity agency posted sturdy Q3 outcomes and raised its steerage.
Wedbush maintained its Outperform score on continued strong progress, with a 54% rise in billings. Citi additionally reiterated its Purchase score as ZS’ underlying enterprise is “stable” and over 80% of income for the following 12 months is “within the bag”.
SA contributor Cestrian Capital mentioned ZS’ fundamentals are supported by giant deferred income stability and a good bigger RPO guide, however enterprise prospects reeling in software program spending may affect outcomes.
Shares of ZS, which dropped 51.5% YTD, underperformed the Nasdaq pc and Nasdaq-100 expertise sector indexes within the final 1 12 months.
