Zscaler Inc (NASDAQ:ZS) Expected to Announce Earnings of $0.01 Per Share

Wall Street analysts predict that Zscaler Inc (NASDAQ:ZS) will announce earnings per share of $0.01 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Zscaler’s earnings. The highest EPS estimate is $0.02 and the lowest is $0.01. Zscaler posted earnings per share of ($0.01) in the same quarter last year, which indicates a positive year over year growth rate of 200%. The firm is expected to report its next earnings results on Wednesday, September 4th.

On average, analysts expect that Zscaler will report full year earnings of $0.17 per share for the current financial year, with EPS estimates ranging from $0.17 to $0.18. For the next fiscal year, analysts expect that the firm will post earnings of $0.18 per share, with EPS estimates ranging from $0.13 to $0.24. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Zscaler.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Thursday, May 30th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). Zscaler had a negative net margin of 11.12% and a negative return on equity of 10.95%. The business had revenue of $79.10 million for the quarter, compared to analysts’ expectations of $74.92 million. During the same quarter in the previous year, the company earned ($0.02) earnings per share. The business’s quarterly revenue was up 60.8% on a year-over-year basis.



ZS has been the subject of a number of research reports. Zacks Investment Research raised shares of Zscaler from a “hold” rating to a “buy” rating and set a $81.00 price target for the company in a research note on Saturday. Morgan Stanley increased their price target on shares of Zscaler from $43.00 to $52.00 and gave the stock an “underweight” rating in a research note on Friday, May 31st. Bank of America set a $77.00 price target on shares of Zscaler and gave the stock a “neutral” rating in a research note on Friday, May 31st. Piper Jaffray Companies increased their price target on shares of Zscaler from $65.00 to $82.00 and gave the stock an “overweight” rating in a research note on Friday, May 31st. Finally, UBS Group increased their price target on shares of Zscaler from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Friday, May 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $72.00.

In other news, insider Robert Schlossman sold 55,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $66.86, for a total transaction of $3,677,300.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Karen Blasing sold 1,000 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $67.39, for a total transaction of $67,390.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 390,571 shares of company stock worth $27,811,197. Corporate insiders own 27.40% of the company’s stock.

Large investors have recently bought and sold shares of the company. Quantamental Technologies LLC purchased a new stake in shares of Zscaler during the fourth quarter valued at approximately $39,000. First Trust Advisors LP grew its holdings in shares of Zscaler by 474.2% during the first quarter. First Trust Advisors LP now owns 586,138 shares of the company’s stock valued at $41,575,000 after buying an additional 484,056 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its holdings in shares of Zscaler by 6.9% during the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 155,236 shares of the company’s stock valued at $6,087,000 after buying an additional 10,000 shares during the last quarter. Spark Investment Management LLC grew its holdings in shares of Zscaler by 264.1% during the first quarter. Spark Investment Management LLC now owns 306,200 shares of the company’s stock valued at $21,718,000 after buying an additional 222,100 shares during the last quarter. Finally, Tocqueville Asset Management L.P. grew its holdings in shares of Zscaler by 22.9% during the fourth quarter. Tocqueville Asset Management L.P. now owns 17,350 shares of the company’s stock valued at $680,000 after buying an additional 3,230 shares during the last quarter. Hedge funds and other institutional investors own 34.36% of the company’s stock.

Shares of NASDAQ:ZS traded up $1.34 during midday trading on Wednesday, hitting $77.17. 1,385,756 shares of the stock traded hands, compared to its average volume of 2,139,678. The company has a market cap of $9.49 billion, a price-to-earnings ratio of -248.94 and a beta of 1.18. Zscaler has a one year low of $30.72 and a one year high of $80.38.

Zscaler Company Profile

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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