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Zscaler (ZS) Flat As Market Gains: What You Should Know
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Zscaler (ZS - Free Report) closed at $66.96 in the latest trading session, marking no change from the prior day. This change lagged the S&P 500's daily gain of 0.47%. Elsewhere, the Dow gained 0.31%, while the tech-heavy Nasdaq added 0.34%.
Heading into today, shares of the cloud-based information security provider had lost 5.76% over the past month, lagging the Computer and Technology sector's gain of 6.46% and the S&P 500's gain of 4.67% in that time.
Wall Street will be looking for positivity from ZS as it approaches its next earnings report date. The company is expected to report EPS of $0.06, up 400% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $74.54 million, up 51.63% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.12 per share and revenue of $290.32 million. These totals would mark changes of +192.31% and +52.66%, respectively, from last year.
Any recent changes to analyst estimates for ZS should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ZS currently has a Zacks Rank of #3 (Hold).
In terms of valuation, ZS is currently trading at a Forward P/E ratio of 550.36. This valuation marks a premium compared to its industry's average Forward P/E of 35.15.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 162, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ZS in the coming trading sessions, be sure to utilize Zacks.com.
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Zscaler (ZS) Flat As Market Gains: What You Should Know
Zscaler (ZS - Free Report) closed at $66.96 in the latest trading session, marking no change from the prior day. This change lagged the S&P 500's daily gain of 0.47%. Elsewhere, the Dow gained 0.31%, while the tech-heavy Nasdaq added 0.34%.
Heading into today, shares of the cloud-based information security provider had lost 5.76% over the past month, lagging the Computer and Technology sector's gain of 6.46% and the S&P 500's gain of 4.67% in that time.
Wall Street will be looking for positivity from ZS as it approaches its next earnings report date. The company is expected to report EPS of $0.06, up 400% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $74.54 million, up 51.63% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.12 per share and revenue of $290.32 million. These totals would mark changes of +192.31% and +52.66%, respectively, from last year.
Any recent changes to analyst estimates for ZS should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ZS currently has a Zacks Rank of #3 (Hold).
In terms of valuation, ZS is currently trading at a Forward P/E ratio of 550.36. This valuation marks a premium compared to its industry's average Forward P/E of 35.15.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 162, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ZS in the coming trading sessions, be sure to utilize Zacks.com.