Zuora (ZUO) Issues Q4 2019 Earnings Guidance

Zuora (NYSE:ZUO) updated its fourth quarter 2019 earnings guidance on Thursday. The company provided EPS guidance of $-0.12–0.11 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.12. The company issued revenue guidance of $62.3-63.3 million, compared to the consensus revenue estimate of $60.68 million.Zuora also updated its FY 2019 guidance to $-0.56–0.55 EPS.

Several research firms have recently weighed in on ZUO. FBN Securities began coverage on Zuora in a research report on Tuesday, October 16th. They set an outperform rating for the company. Morgan Stanley decreased their target price on Zuora from $26.00 to $24.00 and set an equal weight rating for the company in a research report on Tuesday, October 23rd. Zacks Investment Research downgraded Zuora from a buy rating to a hold rating in a research report on Wednesday, August 1st. Jefferies Financial Group lifted their target price on Zuora to $35.00 and gave the stock a buy rating in a research report on Friday, August 31st. Finally, Needham & Company LLC lifted their target price on Zuora from $33.00 to $38.00 and gave the stock a buy rating in a research report on Wednesday, August 29th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of $28.83.

Shares of NYSE:ZUO traded up $0.56 on Thursday, hitting $20.56. 2,685,563 shares of the company’s stock were exchanged, compared to its average volume of 1,362,146. Zuora has a 12 month low of $16.00 and a 12 month high of $37.78. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.07.

Zuora (NYSE:ZUO) last released its earnings results on Thursday, August 30th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.03. The business had revenue of $57.75 million for the quarter, compared to the consensus estimate of $54.00 million. Research analysts forecast that Zuora will post -0.78 earnings per share for the current fiscal year.

In other news, Director Michelangelo Volpi sold 28,780 shares of the firm’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $26.30, for a total transaction of $756,914.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Tyler Sloat sold 344,009 shares of the firm’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $25.81, for a total value of $8,878,872.29. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 579,238 shares of company stock worth $14,222,367.

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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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Earnings History and Estimates for Zuora (NYSE:ZUO)

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