Zuora (NYSE:ZUO) Updates Q4 Earnings Guidance

Zuora (NYSE:ZUO) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of ($0.11-0.09) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.10). The company issued revenue guidance of $71-72.5 million, compared to the consensus revenue estimate of $72.36 million.

ZUO has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Zuora from a sell rating to a hold rating in a research note on Sunday, November 3rd. Needham & Company LLC set a $18.00 price target on shares of Zuora and gave the stock a buy rating in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $20.17.

ZUO traded down $0.42 during trading on Thursday, reaching $15.10. The stock had a trading volume of 1,194,620 shares, compared to its average volume of 1,565,603. The business has a 50-day moving average of $14.81 and a 200-day moving average of $15.37. Zuora has a one year low of $13.04 and a one year high of $24.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market cap of $1.71 billion, a PE ratio of -18.41 and a beta of 1.94.

In other Zuora news, Director Jason Pressman sold 11,008 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $15.08, for a total value of $166,000.64. Also, Director Michelangelo Volpi sold 38,377 shares of the stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $15.82, for a total transaction of $607,124.14. In the last ninety days, insiders have sold 98,358 shares of company stock valued at $1,484,213. Corporate insiders own 26.02% of the company’s stock.

About Zuora

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.

Further Reading: Cost of Equity For A Business, Investors

Earnings History and Estimates for Zuora (NYSE:ZUO)

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