Zacks: Analysts Anticipate Zscaler Inc (NASDAQ:ZS) Will Post Earnings of $0.01 Per Share

Wall Street brokerages forecast that Zscaler Inc (NASDAQ:ZS) will post earnings per share (EPS) of $0.01 for the current quarter, according to Zacks. Four analysts have provided estimates for Zscaler’s earnings. The lowest EPS estimate is $0.00 and the highest is $0.01. Zscaler also posted earnings of $0.01 per share during the same quarter last year. The firm is expected to issue its next quarterly earnings results after the market closes on Tuesday, December 3rd.

On average, analysts expect that Zscaler will report full-year earnings of $0.14 per share for the current year, with EPS estimates ranging from $0.13 to $0.16. For the next financial year, analysts expect that the business will post earnings of $0.26 per share, with EPS estimates ranging from $0.21 to $0.33. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Zscaler.

Zscaler (NASDAQ:ZS) last issued its earnings results on Tuesday, September 10th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.06. Zscaler had a negative return on equity of 9.46% and a negative net margin of 9.46%. The business had revenue of $86.11 million during the quarter, compared to the consensus estimate of $82.15 million.

A number of brokerages recently weighed in on ZS. UBS Group decreased their price objective on Zscaler from $70.00 to $53.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Berenberg Bank raised Zscaler from a “hold” rating to a “buy” rating and decreased their price target for the stock from $78.00 to $60.00 in a research note on Tuesday, September 24th. Piper Jaffray Companies decreased their price target on Zscaler from $82.00 to $70.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Barclays decreased their price target on Zscaler from $80.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, September 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $89.00 price target on shares of Zscaler in a research note on Sunday, October 20th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $63.58.

In other news, EVP Amit Sinha sold 4,807 shares of Zscaler stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $70.12, for a total value of $337,066.84. Following the sale, the executive vice president now directly owns 127,664 shares in the company, valued at approximately $8,951,799.68. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Karen Blasing sold 1,000 shares of Zscaler stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.09, for a total value of $68,090.00. Following the completion of the sale, the director now owns 3,595 shares in the company, valued at $244,783.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,421 shares of company stock worth $1,161,189. Corporate insiders own 27.40% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its position in shares of Zscaler by 644.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,741 shares of the company’s stock worth $319,000 after buying an additional 5,835 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of Zscaler by 198.5% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 5,075 shares of the company’s stock valued at $240,000 after purchasing an additional 3,375 shares in the last quarter. Alps Advisors Inc. boosted its position in shares of Zscaler by 58.5% during the third quarter. Alps Advisors Inc. now owns 13,976 shares of the company’s stock valued at $661,000 after purchasing an additional 5,161 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Zscaler by 43.2% during the third quarter. SG Americas Securities LLC now owns 16,668 shares of the company’s stock valued at $788,000 after purchasing an additional 5,028 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Zscaler by 53.8% during the third quarter. First Trust Advisors LP now owns 1,257,760 shares of the company’s stock valued at $59,442,000 after purchasing an additional 440,077 shares in the last quarter. Hedge funds and other institutional investors own 33.26% of the company’s stock.

NASDAQ ZS traded up $0.51 during trading hours on Monday, hitting $45.83. The company had a trading volume of 1,895,600 shares, compared to its average volume of 2,128,802. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of -381.92 and a beta of 1.14. Zscaler has a 52 week low of $30.72 and a 52 week high of $89.54. The firm has a 50 day simple moving average of $45.38 and a 200 day simple moving average of $66.58.

About Zscaler

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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