Zuora (ZUO) to Release Quarterly Earnings on Thursday

Zuora (NYSE:ZUO) is scheduled to post its quarterly earnings results after the market closes on Thursday, May 30th. Analysts expect Zuora to post earnings of ($0.17) per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Zuora (NYSE:ZUO) last announced its quarterly earnings results on Thursday, March 21st. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The company had revenue of $64.10 million for the quarter, compared to analysts’ expectations of $63.00 million. Zuora had a negative net margin of 32.99% and a negative return on equity of 46.98%. The firm’s revenue was up 28.7% on a year-over-year basis. On average, analysts expect Zuora to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NYSE ZUO opened at $22.39 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.07. The stock has a market cap of $2.50 billion and a PE ratio of -27.30. Zuora has a 52-week low of $15.56 and a 52-week high of $37.78.

In other news, SVP Jennifer Pileggi sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $19.76, for a total value of $197,600.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Tyler Sloat sold 364,528 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $20.04, for a total transaction of $7,305,141.12. The disclosure for this sale can be found here. Insiders sold a total of 971,156 shares of company stock worth $19,891,269 in the last quarter. Company insiders own 26.02% of the company’s stock.

An institutional investor recently raised its position in Zuora stock. Geode Capital Management LLC lifted its holdings in Zuora Inc (NYSE:ZUO) by 16.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 86,189 shares of the company’s stock after purchasing an additional 11,882 shares during the period. Geode Capital Management LLC owned about 0.08% of Zuora worth $1,563,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 33.49% of the company’s stock.

A number of analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Zuora from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Thursday, March 28th. Canaccord Genuity raised shares of Zuora from a “hold” rating to a “buy” rating and raised their price target for the company from $23.00 to $28.00 in a report on Tuesday, March 19th. Goldman Sachs Group reaffirmed a “sell” rating and set a $18.00 price target on shares of Zuora in a report on Friday, February 1st. Finally, Needham & Company LLC raised their price target on shares of Zuora from $27.00 to $30.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Zuora presently has an average rating of “Buy” and an average price target of $26.17.

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Zuora Company Profile

Zuora, Inc 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 intelligent subscription management hub that automates the subscription order-to-cash process, including quoting, billing, collections, analytics, and revenue recognition.

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