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Zscaler (ZS) Stock Sinks As Market Gains: What You Should Know
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Zscaler (ZS - Free Report) closed at $243.43 in the latest trading session, marking a -0.7% move from the prior day. This move lagged the S&P 500's daily gain of 0.26%.
Heading into today, shares of the cloud-based information security provider had gained 10.85% over the past month, outpacing the Computer and Technology sector's gain of 2.31% and the S&P 500's gain of 2.37% in that time.
ZS will be looking to display strength as it nears its next earnings release, which is expected to be September 9, 2021. In that report, analysts expect ZS to post earnings of $0.09 per share. This would mark year-over-year growth of 80%. Meanwhile, our latest consensus estimate is calling for revenue of $187.84 million, up 49.21% from the prior-year quarter.
Any recent changes to analyst estimates for ZS should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ZS is currently a Zacks Rank #3 (Hold).
Looking at its valuation, ZS is holding a Forward P/E ratio of 439.51. This represents a premium compared to its industry's average Forward P/E of 27.04.
It is also worth noting that ZS currently has a PEG ratio of 8.68. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Internet - Services stocks are, on average, holding a PEG ratio of 3.29 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 166, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Zscaler (ZS) Stock Sinks As Market Gains: What You Should Know
Zscaler (ZS - Free Report) closed at $243.43 in the latest trading session, marking a -0.7% move from the prior day. This move lagged the S&P 500's daily gain of 0.26%.
Heading into today, shares of the cloud-based information security provider had gained 10.85% over the past month, outpacing the Computer and Technology sector's gain of 2.31% and the S&P 500's gain of 2.37% in that time.
ZS will be looking to display strength as it nears its next earnings release, which is expected to be September 9, 2021. In that report, analysts expect ZS to post earnings of $0.09 per share. This would mark year-over-year growth of 80%. Meanwhile, our latest consensus estimate is calling for revenue of $187.84 million, up 49.21% from the prior-year quarter.
Any recent changes to analyst estimates for ZS should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ZS is currently a Zacks Rank #3 (Hold).
Looking at its valuation, ZS is holding a Forward P/E ratio of 439.51. This represents a premium compared to its industry's average Forward P/E of 27.04.
It is also worth noting that ZS currently has a PEG ratio of 8.68. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Internet - Services stocks are, on average, holding a PEG ratio of 3.29 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 166, putting it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.