Brokerages Anticipate Zuora Inc (NYSE:ZUO) Will Announce Quarterly Sales of $72.81 Million

Equities research analysts expect that Zuora Inc (NYSE:ZUO) will announce sales of $72.81 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Zuora’s earnings. The lowest sales estimate is $72.60 million and the highest is $73.01 million. Zuora reported sales of $69.73 million during the same quarter last year, which indicates a positive year over year growth rate of 4.4%. The company is scheduled to report its next earnings report on Wednesday, August 26th.

On average, analysts expect that Zuora will report full-year sales of $295.08 million for the current year, with estimates ranging from $291.60 million to $299.00 million. For the next year, analysts forecast that the firm will report sales of $332.87 million, with estimates ranging from $319.80 million to $343.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Zuora.

Zuora (NYSE:ZUO) last posted its earnings results on Wednesday, June 3rd. The company reported ($0.06) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.04. Zuora had a negative return on equity of 48.78% and a negative net margin of 28.09%. The company had revenue of $73.90 million for the quarter, compared to analyst estimates of $70.65 million. During the same period last year, the company earned ($0.11) earnings per share. The business’s revenue was up 15.3% compared to the same quarter last year.

Several equities analysts have weighed in on the company. Northland Securities began coverage on Zuora in a report on Tuesday, June 16th. They set a “market perform” rating and a $14.50 target price on the stock. Morgan Stanley lifted their price objective on Zuora from $8.50 to $11.00 and gave the stock an “underweight” rating in a research note on Thursday, June 4th. Zacks Investment Research upgraded Zuora from a “sell” rating to a “hold” rating in a research note on Tuesday, March 24th. Canaccord Genuity lifted their price objective on Zuora from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. They noted that the move was a valuation call. Finally, Goldman Sachs Group lifted their price objective on Zuora from $10.00 to $11.00 in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.38.

NYSE ZUO traded down $0.43 during trading on Monday, hitting $12.54. 1,690,078 shares of the company traded hands, compared to its average volume of 1,744,222. Zuora has a 12 month low of $6.21 and a 12 month high of $16.75. The business has a fifty day simple moving average of $12.19 and a 200 day simple moving average of $12.43. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $1.50 billion, a P/E ratio of -17.66 and a beta of 2.19.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bares Capital Management Inc. increased its stake in Zuora by 11.0% during the fourth quarter. Bares Capital Management Inc. now owns 3,018,897 shares of the company’s stock valued at $43,261,000 after acquiring an additional 300,150 shares during the period. Spyglass Capital Management LLC boosted its holdings in Zuora by 89.8% during the first quarter. Spyglass Capital Management LLC now owns 2,178,243 shares of the company’s stock valued at $17,535,000 after purchasing an additional 1,030,468 shares in the last quarter. UBS Group AG boosted its holdings in Zuora by 47.8% during the fourth quarter. UBS Group AG now owns 2,116,685 shares of the company’s stock valued at $30,333,000 after purchasing an additional 684,849 shares in the last quarter. State Street Corp boosted its holdings in Zuora by 4.8% during the first quarter. State Street Corp now owns 1,930,743 shares of the company’s stock valued at $15,542,000 after purchasing an additional 88,649 shares in the last quarter. Finally, Peregrine Capital Management LLC boosted its holdings in Zuora by 18.7% during the first quarter. Peregrine Capital Management LLC now owns 1,416,101 shares of the company’s stock valued at $11,400,000 after purchasing an additional 222,879 shares in the last quarter. Hedge funds and other institutional investors own 49.30% 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.

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Earnings History and Estimates for Zuora (NYSE:ZUO)

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