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

Equities analysts forecast that Zscaler, Inc. (NASDAQ:ZSGet Rating) will announce $0.11 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have issued estimates for Zscaler’s earnings, with estimates ranging from $0.10 to $0.12. Zscaler posted 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 business is scheduled to announce its next earnings results after the market closes on Monday, January 1st.

On average, 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 fiscal year, analysts anticipate that the company will report earnings of $0.90 per share, with EPS estimates ranging from $0.68 to $1.02. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Zscaler.

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

Several brokerages recently issued reports on ZS. Barclays lowered their target price on Zscaler from $257.00 to $147.00 in a research report on Wednesday, May 18th. BTIG Research lowered their target price on Zscaler from $439.00 to $326.00 and set a “buy” rating for the company in a research report on Friday, February 25th. Daiwa Capital Markets raised Zscaler from an “underperform” rating to a “buy” rating and raised their target price for the stock from $286.00 to $296.00 in a research report on Tuesday, March 1st. Mizuho decreased their price target on Zscaler from $350.00 to $210.00 and set a “buy” rating for the company in a report on Wednesday, May 18th. Finally, UBS Group decreased their price target on Zscaler from $350.00 to $325.00 and set a “buy” rating for the company in a report on Friday, February 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $290.53.

In other news, insider Robert Schlossman sold 3,157 shares of the business’s stock in a transaction on Wednesday, March 16th. The shares were sold at an average price of $203.09, for a total transaction of $641,155.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Amit Sinha sold 7,358 shares of the business’s stock in a transaction on 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 sold a total of 36,779 shares of company stock valued at $7,896,977 over the last quarter. 20.30% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in Zscaler by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 119,445 shares of the company’s stock worth $38,382,000 after acquiring an additional 900 shares in the last quarter. Westpac Banking Corp grew its position in Zscaler by 1.3% in the fourth quarter. Westpac Banking Corp now owns 5,899 shares of the company’s stock worth $1,896,000 after acquiring an additional 73 shares in the last quarter. abrdn plc grew its position in Zscaler by 5.2% in the fourth quarter. abrdn plc now owns 6,592 shares of the company’s stock worth $2,118,000 after acquiring an additional 328 shares in the last quarter. Corient Capital Partners LLC purchased a new position in Zscaler in the third quarter worth $244,000. Finally, Archford Capital Strategies LLC grew its position in Zscaler by 3.5% in the fourth quarter. Archford Capital Strategies LLC now owns 3,949 shares of the company’s stock worth $1,269,000 after acquiring an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 43.41% of the company’s stock.

NASDAQ:ZS traded up $8.28 during trading hours on Monday, hitting $140.86. 189,690 shares of the company were exchanged, compared to its average volume of 2,680,416. The stock has a market capitalization of $19.87 billion, a price-to-earnings ratio of -60.08 and a beta of 1.09. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 1.74. Zscaler has a one year low of $125.12 and a one year high of $376.11. The company has a fifty day simple moving average of $201.28 and a 200 day simple moving average of $253.97.

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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