Zuora Inc (NYSE:ZUO) Expected to Post Quarterly Sales of $73.54 Million

Equities analysts expect that Zuora Inc (NYSE:ZUO) will announce $73.54 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Zuora’s earnings. The highest sales estimate is $73.60 million and the lowest is $73.48 million. Zuora reported sales of $71.82 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.4%. The company is expected to announce its next quarterly earnings results on Thursday, December 3rd.

On average, analysts expect that Zuora will report full-year sales of $295.52 million for the current financial year, with estimates ranging from $294.65 million to $296.00 million. For the next year, analysts anticipate that the business will post sales of $326.40 million, with estimates ranging from $307.40 million to $336.00 million. Zacks’ sales averages are an average based on a survey of analysts that follow Zuora.

Zuora (NYSE:ZUO) last announced its earnings results on Wednesday, September 2nd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.09). The firm had revenue of $74.99 million for the quarter, compared to analyst estimates of $73.47 million. Zuora had a negative net margin of 27.34% and a negative return on equity of 47.35%. Zuora’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period last year, the firm earned ($0.09) earnings per share.

A number of equities analysts have issued reports on ZUO shares. Jefferies Financial Group raised their price objective on shares of Zuora from $11.00 to $15.00 in a research note on Thursday, June 4th. Northland Securities began coverage on shares of Zuora in a research report on Tuesday, June 16th. They set a “market perform” rating and a $14.50 price target on the stock. Needham & Company LLC began coverage on shares of Zuora in a research report on Thursday, June 4th. They set a “hold” rating on the stock. Morgan Stanley lifted their price target on shares of Zuora from $8.50 to $11.00 and gave the stock an “underweight” rating in a research report on Thursday, June 4th. Finally, Canaccord Genuity lifted their price target on shares of Zuora from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.38.

Shares of Zuora stock traded up $0.20 during midday trading on Monday, reaching $10.66. The company had a trading volume of 1,585,755 shares, compared to its average volume of 1,800,815. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of -15.45 and a beta of 2.12. The stock has a fifty day simple moving average of $11.22 and a 200 day simple moving average of $11.04. Zuora has a 1-year low of $6.21 and a 1-year high of $17.79.

In other Zuora news, SVP Brent R. Jr. Cromley sold 2,289 shares of Zuora stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $12.07, for a total value of $27,628.23. Following the sale, the senior vice president now directly owns 16,408 shares in the company, valued at approximately $198,044.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Robert J. Traube sold 2,288 shares of Zuora stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $12.08, for a total transaction of $27,639.04. The disclosure for this sale can be found here. Insiders own 17.09% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its stake in Zuora by 147.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 836,392 shares of the company’s stock valued at $10,664,000 after buying an additional 498,529 shares during the last quarter. New York State Common Retirement Fund increased its stake in shares of Zuora by 14.7% during the 2nd quarter. New York State Common Retirement Fund now owns 89,500 shares of the company’s stock worth $1,141,000 after purchasing an additional 11,500 shares during the last quarter. FMR LLC increased its stake in shares of Zuora by 42,732,400.0% during the 2nd quarter. FMR LLC now owns 1,709,300 shares of the company’s stock worth $21,794,000 after purchasing an additional 1,709,296 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Zuora by 4.3% during the 1st quarter. Bank of New York Mellon Corp now owns 394,306 shares of the company’s stock worth $3,175,000 after purchasing an additional 16,306 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Zuora by 40.4% during the 2nd quarter. Swiss National Bank now owns 215,700 shares of the company’s stock worth $2,750,000 after purchasing an additional 62,100 shares during the last quarter. Hedge funds and other institutional investors own 51.56% 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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