$0.11 EPS Expected for Zscaler, Inc. (NASDAQ:ZS) This Quarter

Wall Street brokerages forecast that Zscaler, Inc. (NASDAQ:ZSGet Rating) will report $0.11 earnings per share (EPS) for the current quarter, according to Zacks. Nine analysts have made estimates for Zscaler’s earnings. The lowest EPS estimate is $0.10 and the highest is $0.12. Zscaler reported earnings of $0.15 per share in the same quarter last year, which indicates a negative year over year growth rate of 26.7%. The firm is expected to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Zscaler will report full-year earnings of $0.55 per share for the current fiscal year, with EPS estimates ranging from $0.54 to $0.56. For the next financial year, analysts expect that the company will post earnings of $0.96 per share, with EPS estimates ranging from $0.68 to $1.31. Zacks Investment Research’s EPS averages are an average based on a survey of 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 for the quarter, missing the consensus estimate of ($0.57) by ($0.03). Zscaler had a negative return on equity of 51.11% and a negative net margin of 38.47%. The business had revenue of $255.56 million for the quarter, compared to analysts’ expectations of $241.87 million. During the same period in the previous year, the company earned ($0.39) earnings per share. Zscaler’s quarterly revenue was up 62.7% on a year-over-year basis.

A number of equities analysts have recently issued reports on the stock. Bank of America cut their price target on shares of Zscaler from $390.00 to $330.00 and set a “buy” rating for the company in a report on Friday, February 25th. Truist Financial decreased their target price on shares of Zscaler from $350.00 to $335.00 and set a “buy” rating on the stock in a research report on Thursday, March 24th. Morgan Stanley raised shares of Zscaler from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $330.00 to $325.00 in a research report on Tuesday, January 18th. TheStreet lowered shares of Zscaler from a “c-” rating to a “d+” rating in a report on Thursday, January 6th. Finally, Wolfe Research dropped their price objective on shares of Zscaler from $340.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, February 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and twenty-four have assigned a buy rating to the company. According to data from MarketBeat, Zscaler currently has an average rating of “Buy” and a consensus price target of $317.45.

Shares of Zscaler stock traded down $5.36 during trading hours on Monday, hitting $208.23. The company had a trading volume of 1,260,384 shares, compared to its average volume of 2,604,898. The company has a market cap of $29.38 billion, a P/E ratio of -87.44 and a beta of 1.00. The company’s 50-day moving average is $225.83 and its two-hundred day moving average is $273.20. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.38 and a quick ratio of 2.38. Zscaler has a twelve month low of $157.03 and a twelve month high of $376.11.

In other news, COO Dali Rajic sold 12,568 shares of the business’s stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $203.09, for a total transaction of $2,552,435.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Amit Sinha sold 7,358 shares of the stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $203.09, for a total transaction of $1,494,336.22. The disclosure for this sale can be found here. Insiders have sold 36,779 shares of company stock valued at $7,896,977 in the last quarter. 20.30% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the business. Pitcairn Co. boosted its holdings in Zscaler by 3.0% during the third quarter. Pitcairn Co. now owns 1,074 shares of the company’s stock worth $282,000 after buying an additional 31 shares in the last quarter. Winch Advisory Services LLC raised its holdings in Zscaler by 49.3% in the third quarter. Winch Advisory Services LLC now owns 112 shares of the company’s stock valued at $29,000 after acquiring an additional 37 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Zscaler by 2.2% during the fourth quarter. M&T Bank Corp now owns 2,030 shares of the company’s stock worth $653,000 after purchasing an additional 43 shares during the period. B. Riley Wealth Management Inc. raised its holdings in shares of Zscaler by 2.8% during the fourth quarter. B. Riley Wealth Management Inc. now owns 1,713 shares of the company’s stock worth $550,000 after purchasing an additional 47 shares during the period. Finally, Spearhead Capital Advisors LLC increased its holdings in shares of Zscaler by 2.1% in the 4th quarter. Spearhead Capital Advisors LLC now owns 2,299 shares of the company’s stock worth $739,000 after acquiring an additional 48 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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