Zuora (ZUO) Scheduled to Post Quarterly Earnings on Wednesday

Zuora (NYSE:ZUOGet Rating) is scheduled to be announcing its earnings results after the market closes on Wednesday, May 25th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Zuora (NYSE:ZUOGet Rating) last issued its quarterly earnings data on Wednesday, March 2nd. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.02). Zuora had a negative net margin of 28.67% and a negative return on equity of 47.82%. The firm had revenue of $90.69 million during the quarter, compared to the consensus estimate of $90.28 million. During the same quarter in the prior year, the business earned ($0.15) earnings per share. On average, analysts expect Zuora to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

NYSE ZUO opened at $10.42 on Wednesday. The company has a 50-day moving average price of $13.27 and a two-hundred day moving average price of $16.33. Zuora has a 52 week low of $9.48 and a 52 week high of $23.25. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of -13.03 and a beta of 2.12.

ZUO has been the subject of a number of recent analyst reports. Zacks Investment Research raised Zuora from a “sell” rating to a “hold” rating in a report on Wednesday, May 4th. Canaccord Genuity Group lowered their price target on Zuora from $27.00 to $23.00 and set a “buy” rating on the stock in a report on Thursday, March 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $22.71.

In other news, CEO Tien Tzuo sold 10,000 shares of the firm’s stock in a transaction on Thursday, March 17th. The stock was sold at an average price of $15.00, for a total transaction of $150,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Todd Mcelhatton sold 4,700 shares of the business’s stock in a transaction on Monday, April 11th. The stock was sold at an average price of $13.59, for a total value of $63,873.00. Following the sale, the chief financial officer now directly owns 58,363 shares in the company, valued at $793,153.17. The disclosure for this sale can be found here. Insiders have sold 57,206 shares of company stock valued at $830,044 in the last ninety days. Company insiders own 9.08% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Neo Ivy Capital Management acquired a new stake in Zuora during the 4th quarter valued at $84,000. Janus Henderson Group PLC purchased a new position in shares of Zuora during the third quarter valued at $181,000. Ensign Peak Advisors Inc raised its position in Zuora by 61.6% during the first quarter. Ensign Peak Advisors Inc now owns 10,940 shares of the company’s stock valued at $164,000 after buying an additional 4,170 shares during the period. Royal Bank of Canada lifted its stake in Zuora by 24.3% in the 3rd quarter. Royal Bank of Canada now owns 12,287 shares of the company’s stock worth $204,000 after acquiring an additional 2,402 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in Zuora during the 1st quarter worth about $242,000. Hedge funds and other institutional investors own 83.85% of the company’s stock.

About Zuora (Get Rating)

Zuora, Inc, together with its subsidiaries, provides cloud-based software on a subscription basis that enables companies in various industries to launch, manage, and transform into a subscription business. The company offers Zuora Central platform that acts as an orchestration engine that allows customers quote-to-revenue operations.

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Earnings History for Zuora (NYSE:ZUO)

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