ZoomInfo Technologies (ZI) Set to Announce Quarterly Earnings on Tuesday

ZoomInfo Technologies (NASDAQ:ZI) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. ZoomInfo Technologies has set its Q1 guidance at $0.23-0.24 EPS and its FY24 guidance at $0.99-1.01 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

ZoomInfo Technologies (NASDAQ:ZI) last announced its earnings results on Monday, February 12th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. ZoomInfo Technologies had a return on equity of 11.25% and a net margin of 8.66%. The company had revenue of $316.40 million for the quarter, compared to analyst estimates of $310.62 million. During the same period in the prior year, the company posted $0.13 EPS. ZoomInfo Technologies’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts expect ZoomInfo Technologies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

ZoomInfo Technologies Stock Down 2.2 %

ZI stock opened at $16.12 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. The firm has a 50 day simple moving average of $16.04 and a 200-day simple moving average of $15.92. The company has a market capitalization of $6.12 billion, a P/E ratio of 59.71, a PEG ratio of 4.25 and a beta of 1.13. ZoomInfo Technologies has a twelve month low of $12.36 and a twelve month high of $30.16.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ZI. The Goldman Sachs Group raised their price objective on shares of ZoomInfo Technologies from $17.00 to $19.50 and gave the stock a “neutral” rating in a report on Tuesday, February 13th. DA Davidson lifted their price target on ZoomInfo Technologies from $25.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Wells Fargo & Company upped their price objective on ZoomInfo Technologies from $24.00 to $28.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. Jefferies Financial Group began coverage on ZoomInfo Technologies in a research report on Wednesday, February 7th. They issued a “buy” rating and a $20.00 target price for the company. Finally, KeyCorp began coverage on ZoomInfo Technologies in a research report on Thursday, March 21st. They set an “overweight” rating and a $20.00 price target on the stock. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, ZoomInfo Technologies currently has an average rating of “Moderate Buy” and an average target price of $21.43.

About ZoomInfo Technologies

ZoomInfo Technologies Inc, together with its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle.