Zscaler (ZS - Free Report) reported $525 million in revenue for the quarter ended January 2024, representing a year-over-year increase of 35.5%. EPS of $0.76 for the same period compares to $0.37 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $507.56 million, representing a surprise of +3.44%. The company delivered an EPS surprise of +31.03%, with the consensus EPS estimate being $0.58.
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: $627.60 million versus $621.61 million estimated by 10 analysts on average.
- Remaining Performance Obligations: $3.61 billion versus $3.65 billion estimated by three analysts on average.
- Dollar-Based Net Retention Rate: 117% versus the two-analyst average estimate of 123.9%.
- Revenues- Direct Customers: $44.41 million versus $41.36 million estimated by two analysts on average.
- Revenues- Channel Partners: $480.59 million versus $464.65 million estimated by two analysts on average.
View all Key Company Metrics for Zscaler here>>>Shares of Zscaler have returned -12.1% over the past month versus the Zacks S&P 500 composite's +2.9% 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 >>
Zscaler (ZS - Free Report) reported $525 million in revenue for the quarter ended January 2024, representing a year-over-year increase of 35.5%. EPS of $0.76 for the same period compares to $0.37 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $507.56 million, representing a surprise of +3.44%. The company delivered an EPS surprise of +31.03%, with the consensus EPS estimate being $0.58.
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: $627.60 million versus $621.61 million estimated by 10 analysts on average.
- Remaining Performance Obligations: $3.61 billion versus $3.65 billion estimated by three analysts on average.
- Dollar-Based Net Retention Rate: 117% versus the two-analyst average estimate of 123.9%.
- Revenues- Direct Customers: $44.41 million versus $41.36 million estimated by two analysts on average.
- Revenues- Channel Partners: $480.59 million versus $464.65 million estimated by two analysts on average.
View all Key Company Metrics for Zscaler here>>>Shares of Zscaler have returned -12.1% over the past month versus the Zacks S&P 500 composite's +2.9% 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 >>
Get the latest research report on ZS - FREE