For the quarter ended October 2023, Zscaler (ZS - Free Report) reported revenue of $496.7 million, up 39.7% over the same period last year. EPS came in at $0.67, compared to $0.29 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $473.41 million, representing a surprise of +4.92%. The company delivered an EPS surprise of +36.73%, with the consensus EPS estimate being $0.49.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Zscaler performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Billings: $456.57 million versus the nine-analyst average estimate of $442.36 million.
- Remaining Performance Obligations: $3.49 billion versus the three-analyst average estimate of $3.63 billion.
- Dollar-Based Net Retention Rate: 120% compared to the 124.5% average estimate based on two analysts.
- Revenues- Direct Customers: $42.25 million versus $39.07 million estimated by two analysts on average.
- Revenues- Channel Partners: $454.46 million compared to the $434.18 million average estimate based on two analysts.
View all Key Company Metrics for Zscaler here>>>Shares of Zscaler have returned +13.8% over the past month versus the Zacks S&P 500 composite's +4.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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For the quarter ended October 2023, Zscaler (ZS - Free Report) reported revenue of $496.7 million, up 39.7% over the same period last year. EPS came in at $0.67, compared to $0.29 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $473.41 million, representing a surprise of +4.92%. The company delivered an EPS surprise of +36.73%, with the consensus EPS estimate being $0.49.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Zscaler performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Billings: $456.57 million versus the nine-analyst average estimate of $442.36 million.
- Remaining Performance Obligations: $3.49 billion versus the three-analyst average estimate of $3.63 billion.
- Dollar-Based Net Retention Rate: 120% compared to the 124.5% average estimate based on two analysts.
- Revenues- Direct Customers: $42.25 million versus $39.07 million estimated by two analysts on average.
- Revenues- Channel Partners: $454.46 million compared to the $434.18 million average estimate based on two analysts.
View all Key Company Metrics for Zscaler here>>>Shares of Zscaler have returned +13.8% over the past month versus the Zacks S&P 500 composite's +4.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Only $1 to See All Zacks' Buys and Sells
We're not kidding.
Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.
Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 228 positions with double- and triple-digit gains in 2023 alone.
See Stocks Now >>
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