Zacks: Analysts Anticipate Zscaler Inc (ZS) Will Announce Earnings of -$0.05 Per Share

Analysts expect that Zscaler Inc (NASDAQ:ZS) will announce earnings per share of ($0.05) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Zscaler’s earnings. The firm is scheduled to report its next quarterly earnings report after the market closes on Tuesday, December 4th.

On average, analysts expect that Zscaler will report full year earnings of ($0.12) per share for the current financial year, with EPS estimates ranging from ($0.13) to ($0.10). For the next fiscal year, analysts expect that the company will report earnings of $0.03 per share, with EPS estimates ranging from ($0.03) to $0.06. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Zscaler.

Zscaler (NASDAQ:ZS) last issued its earnings results on Wednesday, September 5th. The company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. The firm had revenue of $56.20 million for the quarter, compared to the consensus estimate of $50.72 million. The company’s revenue for the quarter was up 53.8% on a year-over-year basis. During the same period last year, the firm earned ($0.07) earnings per share.

ZS has been the subject of a number of research analyst reports. Zacks Investment Research cut Zscaler from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Robert W. Baird restated an “outperform” rating on shares of Zscaler in a research report on Thursday, October 18th. BTIG Research lowered Zscaler from a “buy” rating to a “neutral” rating and set a $33.00 target price for the company. in a report on Monday, September 10th. They noted that the move was a valuation call. Needham & Company LLC lifted their target price on Zscaler from $45.00 to $47.50 and gave the stock a “strong-buy” rating in a research report on Thursday, September 6th. Finally, Morgan Stanley boosted their price target on Zscaler from $31.00 to $41.00 and gave the company an “equal weight” rating in a research report on Thursday, September 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Zscaler currently has a consensus rating of “Hold” and a consensus target price of $37.58.

Zscaler stock traded down $0.14 during trading hours on Monday, hitting $39.12. 2,160,000 shares of the stock traded hands, compared to its average volume of 1,379,781. Zscaler has a 1 year low of $24.76 and a 1 year high of $48.24. The company has a market cap of $4.79 billion and a PE ratio of -126.19.

In related news, Director Andrew William Fraser Brown sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $40.61, for a total transaction of $1,421,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Schlossman sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $38.73, for a total transaction of $1,742,850.00. The disclosure for this sale can be found here. Insiders sold a total of 285,228 shares of company stock worth $11,535,607 over the last 90 days. Company insiders own 27.40% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in ZS. BlackRock Inc. acquired a new stake in Zscaler during the first quarter worth about $114,000. Principal Financial Group Inc. bought a new stake in shares of Zscaler in the 1st quarter valued at $2,890,000. Rhumbline Advisers bought a new stake in shares of Zscaler in the 2nd quarter valued at $453,000. Bank of New York Mellon Corp grew its position in Zscaler by 299.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 43,202 shares of the company’s stock valued at $1,544,000 after purchasing an additional 32,389 shares during the period. Finally, BBT Capital Management LLC acquired a new stake in Zscaler in the 2nd quarter valued at $536,000. Institutional investors and hedge funds own 24.46% of the company’s stock.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.

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